🛑🚀 Attention traders!
What a movement for $NMR /USDT! After an interesting rally that took us up to $12.23, we are seeing a pullback that has brought it back to $9.41. Watch out for this level! The moving averages (MA7 at $9.75 and MA25 at $9.95) are showing us resistance just above the current price.
The 99-period moving average (MA99) at $7.51 could be a key support if the correction deepens, but the area around $7.98 has already proven to be a good bounce point before. The volume is a bit calmer, which is normal after a rise.
Here comes the good part: manipulation is real and is seen in those spikes and drops. We need to keep an eye on whether the price seeks to retest the area of $9.75-$9.95. A breakout with volume above that, and we could see NMR try to reach $10.50 and higher again! But if we lose $9.40, the bears might want to take it down to $8.70 or even the support at $7.98. HODL wisely and manage the risk, as the market always surprises us!
