I’m looking at $NMR /USDT around 11.15, and the short-term structure still looks weak. Price remains below the visible MA60 at 11.23, although there has been a small bounce from the recent low around 11.06.
For me, the key area is 11.13–11.15. I’d want to see price struggle here and lose the recent bounce rather than chase the move immediately. The MA60 around 11.23 is the main level I’m watching above.
📍 Entry: 11.13–11.15
🎯 TP1: 11.06
🎯 TP2: 10.88
🛑 Invalidation: 11.23
The first target is based on the clearly visible recent low, while 10.88 is the displayed 24h low. I wouldn’t add more targets because the screenshot doesn’t provide enough clear structure above or below those levels.
If price reclaims 11.23, I’d step away from this short setup because that would put price back above the visible MA60 and weaken the bearish idea.
The setup is still somewhat uncertain because NMR is bouncing from 11.06. I’m watching the reaction around 11.13–11.15 rather than forcing an entry. Confirmation matters more than chasing the move.
For me, the key area is 11.13–11.15. I’d want to see price struggle here and lose the recent bounce rather than chase the move immediately. The MA60 around 11.23 is the main level I’m watching above.
📍 Entry: 11.13–11.15
🎯 TP1: 11.06
🎯 TP2: 10.88
🛑 Invalidation: 11.23
The first target is based on the clearly visible recent low, while 10.88 is the displayed 24h low. I wouldn’t add more targets because the screenshot doesn’t provide enough clear structure above or below those levels.
If price reclaims 11.23, I’d step away from this short setup because that would put price back above the visible MA60 and weaken the bearish idea.
The setup is still somewhat uncertain because NMR is bouncing from 11.06. I’m watching the reaction around 11.13–11.15 rather than forcing an entry. Confirmation matters more than chasing the move.