$NAORIS looks calm right now, but the candles are telling a different story.
After a powerful move from the $0.03 area, price pushed toward $0.040–$0.041 and repeatedly struggled to hold above that zone. The latest structure shows sellers defending the highs while momentum cools near $0.039.
If $0.040 keeps rejecting, a deeper pullback toward $0.038 and potentially $0.036 becomes interesting. This is still a momentum market, so the short thesis depends on resistance continuing to hold rather than blindly fading strength.
$NAORIS SHORT — watching the rejection zone closely.
Would you short the rejection, or wait for a clean breakdown confirmation?
After a powerful move from the $0.03 area, price pushed toward $0.040–$0.041 and repeatedly struggled to hold above that zone. The latest structure shows sellers defending the highs while momentum cools near $0.039.
If $0.040 keeps rejecting, a deeper pullback toward $0.038 and potentially $0.036 becomes interesting. This is still a momentum market, so the short thesis depends on resistance continuing to hold rather than blindly fading strength.
$NAORIS SHORT — watching the rejection zone closely.
Would you short the rejection, or wait for a clean breakdown confirmation?
