$NEXO /USDT

NEXO/USDT Analysis

MetricValueCurrent Price$1.213 (-2.10%)24h High / Low$1.244 / $1.19224h Vol (NEXO)941,051.7124h Vol (USDT)$1.14MTrendMild pullback in a higher rangeSupport Zone$1.190 – $1.200Resistance Zone$1.226 – $1.244

📉 Bearish Rejection Setup (Intraday)

Entry (Short): $1.226 – $1.230

Stop Loss: $1.246 (above 24h high)

Target 1: $1.213

Target 2: $1.200

Target 3: $1.192

Rationale: Price is testing resistance zone after a down move; volume declining.

📈 Bullish Support Bounce Setup

Entry (Long): $1.192 – $1.205

Stop Loss: $1.185

Target 1: $1.220

Target 2: $1.230

Target 3: $1.244

Rationale: Oversold bounce from well-tested support + tight downside risk.

🛠️ Technical Indicator Bias

IndicatorBullish SignalBearish SignalRSI (1h)Holding above 40 and climbingFails to reclaim 45MACD (1h)Potential bullish cross setupHistogram still printing redVolumeRising with green candles (entry zone)Red candle spike near $1.226 = bearish

📌 Trade Strategy Notes

Scalp or short-term swing preferred due to narrow range.

Volume is low → slippage or fakeouts possible. Use tighter stop-loss.

$1.244 breakout would flip bias bullish toward $1.27+ range.

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