$NEXO /USDT BEARISH RETEST UNDERWAY | REJECTION NEAR $1.33, SUPPORT ZONE IN FOCUS

Current Price: $1.301

24h High / Low: $1.333 / $1.277

24h Volume: 1.24M NEXO / 1.63M USDT

KEY TECHNICAL LEVELS

Support Zones:

$1.280 – Holding as short-term support

$1.277 – 24h low & key make-or-break level

$1.250 – Next major support if breakdown continues

Resistance Zones:

$1.320 – Minor resistance

$1.333 – 24h high and critical breakout zone

$1.340 – Strong swing resistance

❌ TRADE SETUP – SHORT POSITION

Entry Range: $1.300 – $1.310 (on weak bounce)

Take Profit Targets:

TP1: $1.280

TP2: $1.265

TP3: $1.250

Stop Loss: $1.335 (above resistance)

RISK MANAGEMENT TIP

Risk only 1–2% of your portfolio

Stick to your stop-loss discipline

Book partial profits to lock in gains early

NEXO is facing rejection at $1.33 and showing lower highs — stay cautious as bearish pressure increases. A break below $1.277 could accelerate downside!

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