🚨 $NEXO
Price Analysis: Testing Resistance for a Potential Move! 🚨
$NEXO is currently trading at $1.489, up 0.61%, as it consolidates below key resistance after bouncing back from a 24-hour low of $1.470. The token is approaching pivotal levels for its next directional move.
💡 Key Levels to Watch:
Resistance: $1.526 – A breakout above this level could push toward $1.580 and possibly higher.
Support: $1.474 – Holding this level is crucial to avoid a retest of the $1.440 EMA (99).
📈 Bullish Scenario: A move above $1.526 may target $1.580, with further upside potential toward $1.650.
📉 Bearish Scenario: If fails to maintain $1.474, expect a pullback toward $1.440, with possible lower levels on increasing selling pressure.
📌 Trade Setup:
Entry: Around $1.489
Take Profit Targets: $1.526, $1.580, $1.650
Stop Loss: Below $1.474
Stay alert for a breakout confirmation as $NEXO approaches critical thresholds!