$NMR

/USDT Technical Analysis & Trade Signal:🎯🎯🎯🚀🚀

Current Price: $16.72

24h High: $16.79

24h Low: $14.71

Price Change: +10.95%

Technical Overview:

The price is currently trading near $16.72, a crucial support/resistance zone.

RSI (Relative Strength Index) suggests neutral to bullish momentum as it is currently at around 55, indicating some room for upward movement without being overbought.

The price has formed an upward trend following the bounce from $14.71, potentially signaling continuation if it holds above support.

MACD shows a bullish crossover, suggesting increasing momentum to the upside.

Trade Signal:

Trend: Bullish (based on recent price action and bullish MACD crossover).

Target Levels:

Target 1: $16.90 (short-term resistance; aim for partial take profit)

Target 2: $17.20 (higher resistance zone; major resistance)

Target 3: $17.50 (ideal for long-term traders aiming for continuation)

Trade Momentum:

The bullish momentum is evident, but watch for pullbacks near the $16.80–$16.90 zone. If price holds above $16.47, the rally could continue towards higher targets.

Stop Loss: $16.30 to manage risk on any potential dip.

Risk to Reward Ratio: 1:2.5

This analysis suggests a bullish setup with potential profit targets, assuming the current upward momentum holds. Always monitor for support violations, as that could lead to a bearish trend shift.

#BinanceAlphaAlert #BinanceLabsBacksUsual #CorePCESignalsShift