$NMR /USDT

NMR/USDT Market Snapshot

Current Price: $7.12 (down -1.79% on the day)

24h High / Low: $7.30 / $7.01

24h Volume:

NMR: 53,037.82

USDT: ~$379,066

Market Type: DeFi sector token, relatively low-volume mid-cap

🧠 Technical Levels (Based on Price Clusters + Depth Data)

Key Resistance:

$7.30 – $7.59: Short-term rejection zone

$7.83 – $7.91: Major resistance on depth (likely sell wall)

Support Zones:

$7.01 – $6.97: Near-term support zone

$6.66 – $6.42: Stronger structural support; ideal for deep long entries

📊 NMR/USDT Trade Setup

🟢 Bullish Setup (Long Trade)

Entry Range: $6.95 – $7.05 (near 24h low)

Stop Loss: $6.60 (below the key support cluster)

Take Profit 1: $7.30

Take Profit 2: $7.59

RR Ratio: ~1:2 to 1:2.5

Use indicators like RSI (oversold under 35) and EMA cross (short over long) for confluence on entry.

🔴 Bearish Setup (Short Trade Idea)

Entry Range: $7.75 – $7.90 (major resistance on order book)

Stop Loss: $8.05

Take Profit 1: $7.30

Take Profit 2: $7.00

Look for bearish candle formations (e.g., shooting star, bearish engulfing) on the 15m–1h chart before shorting.

🧠 Strategy Notes

Low Liquidity: Compared to major alts, NMR has lower trading volume, so watch out for slippage and fakeouts.

Scalp vs. Swing: NMR can be volatile; better for scalps or tight swing setups, not heavy long-term positions.

News Risk: Being a DeFi token, any governance or protocol updates can shift momentum quickly.

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