🚨 NEXO Brewing an Explosion? Let’s Decode It! 🔍
Current Price: $1.273
Timeframe: 4H
Recent High: $1.295
📊 What the chart reveals:
NEXO is now trading firmly above both the 25 & 99 MAs – a key sign of shifting momentum.
Multiple bullish candles with rising volume show growing buying pressure.
The last candle closed above $1.26, flipping resistance into potential support.
🧠 What the price action is telling us:
A long accumulation phase between $1.19–$1.24 just ended with a strong breakout.
There’s minimal resistance until the next levels at $1.31 and $1.36.
Volume is gradually building – likely whales are loading up silently.
🎯 Strategy & Levels to Watch:
Ideal Entry Zone: $1.260 – $1.273 (after a small dip)
Potential Targets: $1.295 → $1.315 → $1.36
Suggested Stop Loss: Below $1.235 (4H candle close)
🚨 Confirmation Signal:
If NEXO breaks and closes above $1.295 with strong volume, we could see a fast push toward $1.36.
💡 Final Thoughts:
This setup is identical to what we saw before $SOL and $LINK exploded. Don't ignore the calm — it often comes before the storm. ⚡
