$NEXO /USDT Market Overview — April 4, 2025
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Current Price: $0.996
▼ -4.96% — Strong Bearish Pressure
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24h Range:
High: $1.070 — Strong Resistance
Low: $0.994 — Crucial Support
24h Volume:
NEXO: 1.19M
USDT: $1.22M
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Moving Averages:
MA(7): $1.007
MA(25): $1.013
MA(99): $1.037
> Price trading below all major MAs → Bearish Sentiment
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Key Resistance Levels:
$1.005 → Minor Resistance
$1.018 → Strong Resistance
$1.032 → Major Barrier
$1.070 → Bullish Breakout
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Key Support Levels:
$0.994 → Immediate Support
$0.990 → Danger Zone
Below $0.990 → Bearish Target: $0.980 - $0.970
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Trend Analysis:
Clear Bearish Trend
Heavy Selling Pressure
If breaks below $0.994 → Expect further drop
Recovery needs price above $1.018
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Trading Ideas:
Long Setup (Risky):
Entry: $0.994 - $0.996
Target: $1.005 → $1.018
Stop-loss: Below $0.990
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Short Setup (Safer):
Entry: Below $0.990
Target: $0.980 → $0.970
Stop-loss: Above $1.005
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Bullish Confirmation:
Entry: Above $1.018
Target: $1.032 → $1.070
Stop-loss: Below $1.005
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Summary:
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Would you like me to create a full combined technical report for all the coins you've sent? It will include:
Support/Resistance
Trend Summary
Trade Setups
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