Trading Signal & Analysis for NMR/USDT

$NMR /USDT has experienced a significant breakout, surging to a 24-hour high of $13.30 before retracing to $10.37. The +20.44% increase suggests strong bullish momentum, driven by high volume (2.49M NMR traded). However, the sharp pullback indicates profit-taking and potential short-term correction.

Trade Setup (Short-Term Intraday Swing)

Entry Zone: $10.00 - $10.40 (current price region)

Target 1: $11.50

Target 2: $12.80

Stop Loss: $9.50

Key Insights:

The price has retraced from the peak, presenting a potential dip-buying opportunity.

Volume spikes suggest strong interest, but declining bars show sellers stepping in.

If $10.00 holds, buyers may push the price toward $11.50+ again.

Risk Management Tip: Use a trailing stop-loss above $10.00 if momentum builds. If $9.50 breaks, wait for a new setup before re-entering.

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