$NEXO /USDT Analysis: Bullish Momentum Continues

*Market Dynamics:*

NEXO has broken out of a tight consolidation phase with a strong green candle on the chart, signaling renewed bullish interest and strength.

*Key Metrics:*

- *Current Price*: $1.318 (up 5.21%)

- *24-Hour Range*: $1.242 - $1.315

*Important Levels:*

- *Support*: $1.275

- *Resistance*: $1.320

*Trading Strategy:*

*Buy Setup:*

- *Entry Zone*: Consider entering long positions between $1.299 and $1.314 on any retest.

- *Profit Targets*:

- *TP1*: $1.339

- *TP2*: $1.376

- *Risk Management*: Set a stop loss at $1.264 to manage potential downside risk.

This setup indicates potential for further upside momentum.

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