๐ $NEXO /USDT Market Analysis
๐ Current Price: $1.02 (-5.27%)
๐ 24h High/Low: $1.097 / $1.017
๐ 24h Volume: 1.50M USDT (1.43M NEXO)
๐ Market Sentiment: Bearish
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๐ 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)
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๐ Key Levels to Watch
๐ Resistance Levels:
$1.029 โ 25-Day MA Resistance (Immediate resistance)
$1.047 โ 99-Day MA Resistance (Longer-term resistance zone)
$1.097 โ 24h High (Key resistance, needs to break for more upside)
๐ Support Levels:
$1.017 โ 24h Low (Immediate support level)
$1.014 โ Additional support zone (Breaking this could signal further downside)
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๐ Trading Strategies
๐ข 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)
๐ป 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)
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โ ๏ธ 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.
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