$NMR Short Setup: Bearish Pressure Building
$NMR is facing strong overhead resistance near $12.60 and is currently consolidating around $12.30. Momentum on the 15-minute timeframe is tilting to the downside, with a critical support test looming at $12.20. Will bears force a breakdown?
Trade Parameters
Bias: Bearish below $12.45
Entry Zone: $12.30 – $12.40
Stop Loss (SL): $12.65 (Invalidation point above $12.45 recovery)
Take Profit Targets
TP1: $12.20 (Immediate support test)
TP2: $12.05
TP3: $11.90
TP4: $11.75
Outlook
A confirmed breakdown and close below $12.20 will likely accelerate selling pressure toward lower targets. Conversely, a sustained recovery above $12.45 invalidates the immediate bearish setup. Monitor the $12.20 level closely for the next decisive move.
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$NMR is facing strong overhead resistance near $12.60 and is currently consolidating around $12.30. Momentum on the 15-minute timeframe is tilting to the downside, with a critical support test looming at $12.20. Will bears force a breakdown?
Trade Parameters
Bias: Bearish below $12.45
Entry Zone: $12.30 – $12.40
Stop Loss (SL): $12.65 (Invalidation point above $12.45 recovery)
Take Profit Targets
TP1: $12.20 (Immediate support test)
TP2: $12.05
TP3: $11.90
TP4: $11.75
Outlook
A confirmed breakdown and close below $12.20 will likely accelerate selling pressure toward lower targets. Conversely, a sustained recovery above $12.45 invalidates the immediate bearish setup. Monitor the $12.20 level closely for the next decisive move.
#NasdaqDowWeeklyGapWidestSinceJuly2002 #Nasdaq100Falls5.5%InWorstWeekIn18Months