$NMR /USDT BEARISH ANALYSIS

Numeraire ($NMR) recently pumped strongly, reaching a 24h high of $21.85, but has since cooled off and is now trading at $17.72. The chart shows signs of exhaustion after the big rally, with sellers starting to step in near resistance levels.

Key Levels

Current Price: $17.72

Immediate Resistance: $20 – $22

Major Resistance: $24 – $26

Immediate Support: $16

Major Support: $14 – $12

Trade Setup (SHORT Entry)

Entry Zone: $17.5 – $18.5

Targets (TP):

TP1: $16

TP2: $14

TP3: $12

Stop Loss (SL): Above $20

Risk Management

Risk only 1–2% per trade.

Move stop loss to entry once TP1 is hit.

Take partial profits to secure gains.

If $NMR fails to break $20 resistance, it’s likely to retrace toward $16–$14 support zone.

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