$NMR /USDT SHORT TRADE SIGNAL – STRONG REJECTION FROM $9.18 SPIKE, BEARS TAKING CONTROL!

$NMR spiked aggressively to $9.18 but failed to hold gains, pulling back sharply to $8.65. The 1H chart now shows a bearish engulfing pattern with high selling volume and fading bullish momentum. Price action suggests a potential reversal is underway after the failed breakout attempt.

Trade Setup (SHORT):

Entry Zone: $8.70 – $8.90

Target 1: $8.30

Target 2: $7.90

Target 3: $7.55

Stop Loss: $9.22

Why Short?

The long wick on the recent candle shows strong rejection from above, and lower highs are forming on decreasing volume. This signals buyer exhaustion and a shift toward bearish pressure, especially after such a sharp rally.

Risk Management Tip:

Place SL just above the wick high to avoid false breakouts. Use partial profit-taking strategy at each support zone and trail SL as price moves lower.

Sell smart — don’t chase green candles when the trend is turning red!

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