$NEXO 📈 Market Analysis & Trading Strategy: $NEXO /USDT (Binance) 🔍
🔹 Current Price: $1.109
🔹 Timeframe: 1H & 4H
🔹 Trend: Consolidation after breakout
🔹 Key Levels:
Resistance: $1.162
Support: $1.092
Demand Zone: $1.065 - $1.080
Supply Zone: $1.162 - $1.180
📊 Technical Analysis:
✔️ Structure: Break of Structure (BOS) confirming bullish intent
✔️ Change of Character (ChoCH): Bullish bias strengthening
✔️ Indicators:
Stochastic RSI: Currently cooling off from an overbought region
Moving Averages: $NEXO Price trading above key MAs, acting as support
✔️ Liquidity Grab: Possible fakeout below support before another push up
🏆 Trading Strategy: (Buy on Dip )🔥🔥
🔹 Entry Zone: $1.092 - $1.095 (Re-test of support)
🔹 Stop Loss: Below $1.065 (Breakdown invalidates bullish setup)
🔹 Take Profit Targets:
TP1: $1.130
TP2: $1.162
TP3: $1.180
📢 Sentiment & Risk Management:
💬 Community Sentiment: Bullish on higher timeframes, cautious on lower
⚠️ Risk Management: Always use stop loss, risking 1-2% per trade
🔄 Confirmation Needed: Wait for price action confirmation before entry
🚀 Final Thought: If price holds above support, the next bullish leg could aim for $1.162+. However, a breakdown below $1.065 would invalidate this setup. Stay disciplined and trade with a plan!