$NMR
/USDT Technical Analysis & Trade Signal💯🔥💯
Price: $15.86 (-4.57%)
Momentum: Bearish in the short term, approaching oversold levels on lower timeframes.
Technical Indicators
1. Moving Averages:
Short-term (EMA 20): Bearish, price below EMA indicating downtrend continuation.
Long-term (EMA 50): Price testing support zone.
2. RSI:
Current: 35 (neutral but near oversold).
3. MACD:
Bearish crossover, showing downward pressure.
4. Support Levels:
Immediate: $15.84
Strong: $15.50
5. Resistance Levels:
Immediate: $16.50
Strong: $17.00
Trade Signal
Entry Point (Long): $15.60–$15.85 (near support).
Stop Loss: $15.20 (risk protection).
Targets 🎯
1. Target 1: $16.50
2. Target 2: $17.00
3. Target 3: $17.50
Momentum: Moderate recovery potential as RSI suggests room for upward correction if support holds. A move above $16.50 could trigger bullish momentum.