📊 $NEXO /USDT Market Analysis

📌 Current Price: $1.02 (-5.27%)

📊 24h High/Low: $1.097 / $1.017

📉 24h Volume: 1.50M USDT (1.43M NEXO)

📌 Market Sentiment: Bearish

---

📊 Moving Averages & Market Trends

7-Day MA: $1.027 (Support near current price)

25-Day MA: $1.029 (Near current price, additional support zone)

99-Day MA: $1.047 (Resistance level)

---

📈 Key Levels to Watch

🚀 Resistance Levels:

$1.029 – 25-Day MA Resistance (Immediate resistance)

$1.047 – 99-Day MA Resistance (Longer-term resistance zone)

$1.097 – 24h High (Key resistance, needs to break for more upside)

🛑 Support Levels:

$1.017 – 24h Low (Immediate support level)

$1.014 – Additional support zone (Breaking this could signal further downside)

---

📊 Trading Strategies

🟢 Bullish Setup (If NEXO Breaks Above $1.029 and Holds)

Entry: $1.024 - $1.029

Target: $1.047 - $1.097 (Upside potential if price moves above resistance levels)

Stop-Loss: $1.014 (Below key support level to manage risk)

🔻 Bearish Setup (If NEXO Breaks Below $1.017 Support)

Entry: $1.017 - $1.020

Target: $1.010 - $0.980 (Downside potential if price fails to hold support)

Stop-Loss: $1.029 (Above resistance zone to limit risk)

---

⚠️ Risk Alert:

NEXO is facing resistance near $1.029 and $1.047. If these levels hold, downside continuation is possible.

Key support to watch is at $1.017. A break below could push the price further down.

Would you like further analysis or updates on any other pairs?

#NEXOUSDT #NEXOUSDT #Write2Earn #BinanceAlphaAlert #WhaleMovements