🔍 NEXO Analysis – Has the breakout started? 💥
Current price: $1.273
Time frame: 4 hours
Recent high price: $1.295
📊 What we see on the chart:
The price is steadily moving above the moving averages (25 and 99) for the first time in a while.
The appearance of consecutive bullish candles with increasing trading volume indicates strong buying momentum.
The last candle closed above $1.26, which was a resistance area, potentially turning it into support now.
🧠 Behind the price action:
A long accumulation period between $1.19 and $1.24 has ended with a clear breakout.
There are no real resistances before $1.31 and then $1.36.
Whales have likely started to enter, quietly injecting liquidity before the big move.
🎯 Entry and target areas:
Safe entry area: $1.260 – $1.273 (preferably buy after a slight correction)
Potential targets: $1.295 → $1.315 → $1.36
Suggested stop loss: Close below $1.235 with a 4-hour candle
🚨 Confirmation signal:
If $1.295 is broken with a strong close and trading volume above the average, we may see a quick price surge towards $1.36.
🧠 Tip for followers:
This is the same setup we saw in $SOL and $LINK before their explosions. Don't underestimate the calm... because it often precedes the storm ⚡