$NMR went absolutely parabolic with a massive +43% pump to 18.99! But is this a bull trap or just getting started? 🛑🕯️
Entry: 🎯 15.50 - 16.50
SL: 🛑 13.80
TP: 💰 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 📈. It faced a sharp rejection and is currently pulling back to 16.86, but it's still holding a massive +43% gain for the day. The price is currently miles above all moving averages (MA7 is at 12.37!). This chart is severely overextended. Chasing a green candle this massive 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 👇
#NMR #crypto
Entry: 🎯 15.50 - 16.50
SL: 🛑 13.80
TP: 💰 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 📈. It faced a sharp rejection and is currently pulling back to 16.86, but it's still holding a massive +43% gain for the day. The price is currently miles above all moving averages (MA7 is at 12.37!). This chart is severely overextended. Chasing a green candle this massive 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 👇
#NMR #crypto