📈 $NEXO /USDT – Range-Bound but Testing Support Levels
Nexo ($NEXO) is currently trading at $1.354, showing mild consolidation after hitting a daily high of $1.389. Price is hovering near a key short-term support, and the next move will depend on whether bulls can defend this level.
📊 Technical Overview
Support Zones: $1.346 → $1.318
Resistance Zones: $1.378 → $1.389
Trend: Neutral-to-bullish if support holds, bearish if broken.
🎯 Trade Setups
Long Setup (if support holds):
Entry: $1.346 – $1.354
TP1: $1.378
TP2: $1.389
SL: $1.330
Short Setup (if breakdown occurs):
Entry: $1.346 – $1.340
TP1: $1.318
TP2: $1.314
SL: $1.362
💡 Watch for volume spikes — a breakout above $1.389 could open the door for stronger upside momentum.
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