$NEXO
USDT BEARISH MOVE – SELLERS TAKING CONTROL BELOW $1.21 ⚠️
Key Levels:
🔴 Resistance: $1.220 – $1.230 (strong rejection zone)
🟢 Support: $1.192 (recent 24h low and key support)
📍 Current Price: $1.203
Trade Setup (Short Entry):
🔽 Entry Zone: $1.205 – $1.210
🎯 Take Profits:
• TP1: $1.198
• TP2: $1.192
• TP3: $1.180 (extended target if breakdown accelerates)
⛔ Stop Loss: $1.222 (above recent rejection wick)
Market Outlook:
The 1H chart shows consistent lower highs and a rejection from $1.220, indicating bears are active. Price is near support at $1.200 – a break below it can trigger strong downside momentum towards $1.192 and beyond.
Risk Management:
Always risk only 1-2% per trade. Confirm breakdown with volume increase to avoid fake-outs. Protect capital – precision matters more than frequency.
💡 Comment “⚠️” if you’re watching this bearish setup today.
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buy and trade here on $NEXO