$NMR is up a massive +42% after a parabolic pump to 18.99! But this chart is dangerously overextendedâdo NOT chase this green candle. đđŻïž
Entry: đŻ 15.50 - 16.50
SL: đ 13.80
TP: đ° TP1: 18.99 | TP2: 20.00
$NMR exploded out of nowhere, printing a massive vertical pump from 8.53 straight to a local high of 18.99 đ. It faced a sharp rejection and is currently pulling back to 16.92, but it's still holding a massive +42% gain for the day. The price is currently miles above all moving averages (MA7 is at 13.07, while the price is 16.92!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 14.00, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below đ
#NMR
Entry: đŻ 15.50 - 16.50
SL: đ 13.80
TP: đ° TP1: 18.99 | TP2: 20.00
$NMR exploded out of nowhere, printing a massive vertical pump from 8.53 straight to a local high of 18.99 đ. It faced a sharp rejection and is currently pulling back to 16.92, but it's still holding a massive +42% gain for the day. The price is currently miles above all moving averages (MA7 is at 13.07, while the price is 16.92!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 14.00, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below đ
#NMR