Let's zoom out a bit on $NMR ๐ค Al
The move from $11 to $17+ in a single day looks fascinating, yeah. But the deeper picture is what's actually interesting.
Since those $54 highs, #NMR has been printing a clear lower highs structure on the higher timeframe. First major attempt got rejected around $28, second one around $23. Both failed, price went back down each time.
So for this current pump, I'm watching $20 first, then that $23 area. That's where it gets interesting.
Rejection around $19โ$20 and we're likely watching the same pattern repeat โ back down again. But if buyers push through $20 and break that $23 resistance, the lower-high structure starts getting challenged and NMR could have room for a much bigger move
For now, +38% in a day is already a massive move. Chasing it blindly here? Nope ๐ Let's see how this one plays out โ $20โ$23 is the zone I'm watching.
NMRUSDT
Perp
The move from $11 to $17+ in a single day looks fascinating, yeah. But the deeper picture is what's actually interesting.
Since those $54 highs, #NMR has been printing a clear lower highs structure on the higher timeframe. First major attempt got rejected around $28, second one around $23. Both failed, price went back down each time.
So for this current pump, I'm watching $20 first, then that $23 area. That's where it gets interesting.
Rejection around $19โ$20 and we're likely watching the same pattern repeat โ back down again. But if buyers push through $20 and break that $23 resistance, the lower-high structure starts getting challenged and NMR could have room for a much bigger move
For now, +38% in a day is already a massive move. Chasing it blindly here? Nope ๐ Let's see how this one plays out โ $20โ$23 is the zone I'm watching.
NMRUSDT
Perp
