$NTRN /USDT TECHNICAL ANALYSIS: STRONG BULLISH MOMENTUM, WATCH FOR RESISTANCE LEVELS
Market Analysis:
$NTRN/USDT is currently showing strong bullish momentum, surging +11.32% to $0.1583. The price has broken past key resistance levels and is approaching the 24H high of $0.1593. The recent sharp rally on the 30-minute chart suggests strong buying interest, but the price is nearing potential resistance.
Key support lies around $0.1520, while immediate resistance sits at $0.1600. A breakout above $0.1600 could trigger further upside, whereas rejection might lead to a short-term pullback.
Trade Setup:
Entry Price: Wait for a confirmed breakout above $0.1600 or a retest of $0.1520 for a better risk-reward entry.
Take Profit (TP): $0.1650 (Short-term target), $0.1700 (Extended target).
Stop Loss (SL): $0.1500 to manage downside risk.
Additional Insight:
The market is showing bullish strength, but caution is advised near resistance zones. If the price consolidates above $0.1580, it could set up for further upside. However, a rejection from $0.1600 may lead to profit-taking and minor corrections. Keep an eye on volume and price action confirmation before entering.
