Here is your professional Binance Square post:
$NMR USDT BEARISH BREAKDOWN – BEARS TIGHTEN THEIR GRIP!
$NMRUSDT has faced strong selling pressure after hitting the high of $8.18, dropping consistently below key moving averages. Currently trading at $7.36, it is sitting under the 7 MA ($7.40) and the 25 MA ($7.51), indicating sustained bearish momentum with no signs of reversal yet.
🔻 Trade Setup (Short):
Entry Zone: $7.35 – $7.40
Targets:
TP1: $7.25
TP2: $7.15
Stop Loss: $7.50
📝 Short Market Outlook:
Momentum remains bearish on the 15m chart as price fails to reclaim the 25 MA. Further downside is expected towards the $7.15 support if bearish volume continues to build.
Risk Management: Protect capital by sizing positions sensibly and placing stops without fail to avoid sudden reversals.
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