$NEXO /USDT – Channel Support Rebound 📈

⏰ 1H timeframe – Long opportunity at trendline support

📉 Price: $1.221

📊 Trend: Downtrend into channel support with RSI recovering

🎯 ENTRY ZONE (Long):

Buy zone: $1.210 – $1.225

(Price reacting off ascending support line)

🎯 TARGETS:

TP1: $1.245

TP2: $1.275

TP3: $1.315

🛑 STOP-LOSS:

Below $1.190

⚖️ Risk:Reward: ~2.3R

🔄 Bearish Flip: Breakdown and close below $1.19 may lead to deeper drop toward $1.14 zone

📌 Setup Insight:

Price rebounding off well-respected trendline in rising channel. RSI flipped above 50 – potential for trend continuation bounce.