$NEXO – BULLISH SETUP FORMING ABOVE KEY SUPPORT ZONE
After a sharp liquidity sweep to $1.291, $NEXO rebounded strongly, signaling demand at lower levels. The price is now consolidating above the $1.305–$1.307 zone, showing signs of strength with decreasing bearish momentum. If buyers maintain control and the price holds above this support, a continuation toward the recent highs near $1.325 is likely. A clean break above $1.310 would confirm bullish intent and open room for further upside.
Long Trade Setup:
• Entry: $1.305 – $1.308
• Stop Loss: $1.291
• Target 1: $1.317
• Target 2: $1.325
Sustained structure above $1.305 may favor bulls. Manage risk as price nears resistance.
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