Let's zoom out a bit and see $NMR 🤔
NMR's current move from $11 to $17+ looks fascinating yeah... it happened in just one day, but the deeper picture has a very interesting pattern going on.
Since those $54 highs, $NMR has been following a clear lower highs structure on the longer time frame... first major attempt was around $28 and the second one around $23, both got rejected and price eventually went back down.
So for this current pump i am looking at $20 first and then that $23 area... this is where things actually get interesting.
A rejection around $19-$20 means we could be seeing the same pattern again and once more $NMR will probably be heading downwards.
But if buyers actually push through $20 and then break that $23 resistance... okay, then this 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, so chasing it blindly here? nope 😅
Let's see how NMR plays this time around... $20-$23 is the next level i am watching.
NMR's current move from $11 to $17+ looks fascinating yeah... it happened in just one day, but the deeper picture has a very interesting pattern going on.
Since those $54 highs, $NMR has been following a clear lower highs structure on the longer time frame... first major attempt was around $28 and the second one around $23, both got rejected and price eventually went back down.
So for this current pump i am looking at $20 first and then that $23 area... this is where things actually get interesting.
A rejection around $19-$20 means we could be seeing the same pattern again and once more $NMR will probably be heading downwards.
But if buyers actually push through $20 and then break that $23 resistance... okay, then this 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, so chasing it blindly here? nope 😅
Let's see how NMR plays this time around... $20-$23 is the next level i am watching.