$NEXO /USDT – Steady Bullish Move 🚀🔥 | Eyes on the Next Breakout! ✅💯

Current Price: 1.164 (+3.46%)

Summary:

$NEXO is trading steadily around 1.163 after rebounding from a 24h low of 1.100. The 24h volume stands at 1.21M NEXO, while USDT volume ($1.37M) remains moderate, indicating stable momentum without explosive movement yet.

Technical Overview:

Trend: Mild bullish, rangebound between 1.10–1.17

Moving Averages: 15 EMA crossing above 50 EMA on 1h chart — bullish signal

RSI: 60 (neutral to positive)

MACD: Bullish crossover forming on the 4h chart

Volume: Light — a breakout will need fresh buying interest

Entry Strategy:

Ideal Buy Zone: 1.155–1.165

(Tight entry range to minimize slippage.)

Trade Plan:

Entry: Buy near 1.155–1.165

Stop Loss: 1.100 (below major support)

Risk Level: Moderate (less volatile compared to faster movers like JST or FLM)

Targets:

Target 1: 1.180 (minor resistance)

Target 2: 1.210 (key psychological and breakout zone)

Target 3: 1.250 (stretch target if bullish momentum strengthens)

Momentum Plays:

Aggressive Approach:

Buy around 1.160; if price breaks above 1.170 with strong volume, aim for a quick move toward 1.180–1.210.

Conservative Approach:

Wait for a 1h or 4h candle close above 1.180 before entering, then target 1.210–1.250 with reduced risk.

Key Levels:

Support: 1.150, 1.100

Resistance: 1.180, 1.210, 1.250

Pivot Point: 1.165

Pro Tip:

Keep a close watch on the 1.170 breakout. If NEXO fails to close above it soon, a retest of 1.150 is possible. Consider starting with a light position and add more only after confirmation above 1.180 for safer upside potential.

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