$NEXO /USDT

• Current Price: $1.388

• Trend Analysis: The price has dropped by 2.87%, with immediate support at $1.380. Bearish momentum is evident, but a potential rebound is possible if support holds.

• Bullish Scenario: A breakout above $1.411 could push the price toward the next resistance at $1.436.

• Bearish Scenario: A fall below $1.380 would target the next support at $1.378.

• Entry Levels:

• Long: $1.412 (Target: $1.436, Stop Loss: $1.378)

• Short: $1.380 (Target: $1.378, Stop Loss: $1.412)

• Pattern Outlook: The market is showing bearish momentum, but a breakout above $1.411 could signal a bullish shift. Further downside is likely if support at $1.380 is broken.#BitcoinTurns16 #BIOOpenonBinance #USJoblessClaimsDrop