$NEXO /USDT - Buying Opportunity

NEXO shares are trading at $1.239, showing a steady bullish momentum with a daily gain of +0.57%. The 15-minute chart confirms a strong breakout from the consolidation range, indicating a continuation of the trend towards higher resistance levels.

Setup Explanation:

After reclaiming support near $1.22, the price surpassed its local highs with consistent bullish candles. Trading volume remains supportive of further increases if the price maintains this breakout level.

Trading Setup:

Entry: $1.235 - $1.240

Target 1: $1.255

Target 2: $1.270

Stop Loss: $1.223

Risk Management:

Maintain a risk-to-reward ratio of 1:2. Move the stop loss to breakeven after Target 1, then continue trading for extended gains. Use lower leverage due to average market volatility.

Professional Tip for Followers:

Breakouts from tight consolidation are considered high-probability trades when paired with trading volume and trend confirmation. Always aim to take profits step by step - do not wait for the highest prices.$NEXO