+42.72% in 24 hours. The 4H candle that printed a 39% move in four hours is the kind of number that either launches a trend or ends one.
$NMR ripped from 11.70 to nearly 17 in a single session, leaving a massive bullish imbalance on the daily — a zone that often gets revisited before the next real leg.
Funding is deeply negative while the long/short ratio sits below 0.8. Shorts are paying up to stay short in a raging uptrend. That's trapped positioning. The squeeze hasn't fully unwound yet.
The 4H structure is the cleanest read. Price is holding above 15.85 — that's the line in the sand. Lose it on a 4H close and this momentum thesis is off the table. Above it, the objective sits near 18.20, right under the 24-hour high.
The move is real, but stretched. RSI at 84 means the easy money was made in the first candle. Now it's about whether 15.85 holds as support while negative funding forces shorts to cover any dip.
Tap $NMR and see if 15.85 survives the cooldown.
What level are you watching on this chart 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#NMR #Numeraire #Crypto #BinanceSquare
$NMR ripped from 11.70 to nearly 17 in a single session, leaving a massive bullish imbalance on the daily — a zone that often gets revisited before the next real leg.
Funding is deeply negative while the long/short ratio sits below 0.8. Shorts are paying up to stay short in a raging uptrend. That's trapped positioning. The squeeze hasn't fully unwound yet.
The 4H structure is the cleanest read. Price is holding above 15.85 — that's the line in the sand. Lose it on a 4H close and this momentum thesis is off the table. Above it, the objective sits near 18.20, right under the 24-hour high.
The move is real, but stretched. RSI at 84 means the easy money was made in the first candle. Now it's about whether 15.85 holds as support while negative funding forces shorts to cover any dip.
Tap $NMR and see if 15.85 survives the cooldown.
What level are you watching on this chart 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#NMR #Numeraire #Crypto #BinanceSquare
