$NMR /USDT – Bearish Breakdown, Oversold Conditions!
🔻 Momentum Analysis: NMR has dropped -21.96%, breaking below key support levels with high selling pressure. RSI(6) at 17.39 indicates extreme oversold conditions, suggesting a potential short-term rebound or further downside if sellers remain in control.
📉 Short Setup:
Entry Zone: $8.60 - $8.90
Targets:
T1: $8.00
T2: $7.50
T3: $6.80
Stop Loss: $9.20
📌 Breakout Confirmation Level: Needs to reclaim $9.66 (BOLL MB) for a potential recovery.
📌 Key Support: $8.30 (BOLL DN) – A breakdown here could accelerate the decline.
💡 Pro Tip: With RSI this low, a relief bounce could happen, but watch for a rejection near $9.00-$9.20 as a shorting opportunity. A close below $8.30 confirms further downside.