$NEXO has seen a modest price change of 0.668% over the past 24 hours.
Currently, it's trading near the upper Bollinger Band at 1.209, indicating a potential overextension.
If the price fails to break above this level, a pullback towards the support at 1.182 could occur.
Volatility appears to be contracting, suggesting a period of consolidation is likely.
For risk management, consider placing a stop-loss just below the support level.
Recommended action: set alerts for a break above 1.218 or a drop below 1.182.
