$NEXO /USDT – Bearish Retracement in Play!

Momentum Analysis: NEXO/USDT is experiencing a bearish retracement after a drop of -4.99% over the past 24 hours. The price is testing key support near the 1.04 level after failing to hold above 1.12.

Short Setup:

Entry Zone: Around 1.048 (current price)

Targets:

T1: 1.035

T2: 1.017

T3: 1.011

Stop Loss: Above 1.126 (resistance level)

Breakout Confirmation Level: A move below 1.039 confirms further downside, with key support at 1.017.

Key Support: 1.039

Pro Tip for Traders: If price breaks below 1.039, stay cautious of deeper retracement targets. Be prepared to act on any quick pullbacks towards resistance (around 1.048).

Relevant Hashtags: #NEXO #CryptoTrading #Bearish #USDT