📈 $NMR /USDT - TECHNICAL ANALYSIS: BEARS GAIN CONTROL, SHORT OPPORTUNITY 📉

The provided chart for NMR/USDT on the 15-minute timeframe shows a significant price drop after a strong rally. The price has failed to hold its recent high and is now showing bearish momentum, indicating a potential reversal and further downward movement.

Key Levels:

* Current Price: $17.51

* Resistance: The recent high at $21.85 acts as a major resistance level. A short-term resistance is also visible around the $19.00 - $20.00 area.

* Support: The key support to watch is the low of the previous consolidation at $12.93. Another immediate support area is around the $16.51 level.

Trade Setup (Short):

Based on the current chart pattern showing a rejection from the recent high and the subsequent decline, a short trade setup is recommended.

* Entry: A short entry can be initiated at the current price of $17.51 or on a retest of the broken support around $18.00.

* Take Profit (TP):

* TP1: $16.51 (First support level)

* TP2: $15.00

* TP3: $13.50

* Stop Loss (SL): A stop-loss should be placed above the immediate resistance level, for example, at $18.50.

Risk Management:

* Always use a stop loss to protect your capital.

* Risk only a small percentage of your trading capital on a single trade (1-2% is a good rule of thumb).

* Consider taking partial profits at each TP level to secure gains.

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