$NEXO HTF Analysis
$NEXO is forming a classic double bottom on the daily chart — both lows show strong wicks rejecting downside, signaling solid accumulation.
Currently, price is climbing from the second bottom and approaching the neckline / resistance zone around $1.15.
Watch for:
A break and flip of this level = double bottom confirmation
EMA 9 & SMA 50 still overhead, but a breakout with volume would seal the deal
The structure looks clean, the risk-reward is solid, and this setup is one to keep on your radar.
