$NEXO
/USDT Technical Analysis and Trade Signal
Momentum: Bearish (Price has dropped by -4.90% in 24 hours)
Key Resistance: $1.315
Key Support: $1.273
Trade Signal: Short-Sell Below $1.30
Stop-Loss: $1.315
Targets 🎯:
1. $1.28
2. $1.26
3. $1.23
Momentum Indicators:
RSI: Suggests overselling but with no reversal confirmed yet.
Volume: High selling pressure with 1.39M NEXO traded in the past 24 hours.
Recommendation: Monitor closely for a break below $1.30 before entering. If the price sustains above $1.315, trend reversal might be possible.