🚨 Don’t rush to SHORT $NMR just because it pumped hard!
Take a look at the daily chart first. 👀
$NMR didn’t just randomly explode. After the initial move, price spent nearly a week consolidating and building pressure. Now that range has finally broken to the upside on the daily timeframe. 🔥
What makes this interesting?
💰 Buyers are still stepping in
🐋 Bigger wallets don’t appear to be aggressively dumping
📉 Shorts are starting to pile in after the big green candle
And that combination can create serious short-squeeze fuel. 🚀
I’m watching $NMRfor a potential move toward $20.
🎯 TP: $20
🛑 SL: Below $13.50
A pullback toward $14.80–$15.00 wouldn’t automatically scare me. If the breakout structure remains intact, I’d view that zone as a possible retest area.
We’ve seen similar squeeze behavior in $RLC when traders kept fading strength.
Could $NMR be next? 👀
Breakout confirmed. Buyers are active. Shorts are building.
Now the big question is: Will $20 become the next liquidity target? 🔥
#NMR #Numeraire #crypto #altcoins #Bitcoin
#CryptoTrading #ShortSqueeze #Breakout #BinanceSquare #Trading
Take a look at the daily chart first. 👀
$NMR didn’t just randomly explode. After the initial move, price spent nearly a week consolidating and building pressure. Now that range has finally broken to the upside on the daily timeframe. 🔥
What makes this interesting?
💰 Buyers are still stepping in
🐋 Bigger wallets don’t appear to be aggressively dumping
📉 Shorts are starting to pile in after the big green candle
And that combination can create serious short-squeeze fuel. 🚀
I’m watching $NMRfor a potential move toward $20.
🎯 TP: $20
🛑 SL: Below $13.50
A pullback toward $14.80–$15.00 wouldn’t automatically scare me. If the breakout structure remains intact, I’d view that zone as a possible retest area.
We’ve seen similar squeeze behavior in $RLC when traders kept fading strength.
Could $NMR be next? 👀
Breakout confirmed. Buyers are active. Shorts are building.
Now the big question is: Will $20 become the next liquidity target? 🔥
#NMR #Numeraire #crypto #altcoins #Bitcoin
#CryptoTrading #ShortSqueeze #Breakout #BinanceSquare #Trading
