$NEXO / USDT – Showing Strong Bullish Momentum! 🔥
$NEXO is currently trading at $1.209, showing a solid gain of +5.31%. The 4-hour chart indicates a strong upward move with significant green candles, breaking above previous resistance levels.
Potential Continuation:
Observation: $NEXO is displaying strong bullish momentum and breaking through resistance. This suggests potential for further gains.
Possible Trade Considerations:
Entry: Consider potential entries around the current price or on slight pullbacks towards $1.20, looking for support to hold.
Target 1: $1.229 (24-hour high)
Target 2: $1.25
Final Target: $1.28+ (potential for further gains)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $1.18, to manage risk.
Key Observation: The strong bullish momentum and increasing volume indicate continued buying interest. Watch if NEXO can break the 24-hour high for further upward movement.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon!
