🔥 $NMR on the Edge: Shorts Crushed at $9.21!
A sharp short liquidation of $1,206.8 at $9.21 signals a possible reversal. Bears are getting squeezed, and bulls might just be stepping into the arena.
Technical Breakdown:
Zone to Watch (Buy Zone):
$9.05 – $9.30
This range is seeing increased activity. Liquidity swept and volume surged after short liquidation. Perfect storm brewing.
Immediate Resistance:
$9.75 – breaking this could unleash a momentum burst.
Major Resistance: $10.45 – once crossed, $NMR could fly.
Target Levels:
1. Target 1: $9.75
2. Target 2: $10.45
3. Target 3: $11.30 – high risk/reward zone
Stop Loss:
Place it at $8.78 (below local support and liquidation sweep)
Strategy:
This liquidation hints at a potential trend shift.
Ideal for high-risk scalpers or mid-term momentum traders.
If $9.21 holds firm, expect rapid upside moves as shorts scramble to exit.
Conclusion:
$NMR just triggered a liquidation alarm. Price action is heating up. When the shorts start crying, the bulls start flying. Watch $9.21 like a hawk.