๐ $NEXO /USDT โ Range-Bound but Testing Support Levels
Nexo ($NEXO) is currently trading at $1.354, showing mild consolidation after hitting a daily high of $1.389. Price is hovering near a key short-term support, and the next move will depend on whether bulls can defend this level.
๐ Technical Overview
Support Zones: $1.346 โ $1.318
Resistance Zones: $1.378 โ $1.389
Trend: Neutral-to-bullish if support holds, bearish if broken.
๐ฏ Trade Setups
Long Setup (if support holds):
Entry: $1.346 โ $1.354
TP1: $1.378
TP2: $1.389
SL: $1.330
Short Setup (if breakdown occurs):
Entry: $1.346 โ $1.340
TP1: $1.318
TP2: $1.314
SL: $1.362
๐ก Watch for volume spikes โ a breakout above $1.389 could open the door for stronger upside momentum.
#NEXO #CryptoTrading #Altcoins #MarketUpdate #TradingSignals