$NEXO /USDT Technical Analysis – Testing Resistance Levels

Current Price: $1.505

Timeframe: 30-Minute Chart (Binance)

Market Insight:

$NEXO /USDT is testing the $1.51 resistance zone after a recovery from recent lows around $1.47.

Bullish momentum is building as buyers push the price higher with stronger volume.

Key Levels to Watch:

1. First Target: $1.52 – Immediate resistance at the 24-hour high; a breakout confirms bullish strength.

2. Second Target: $1.55 – Next resistance zone where sellers may emerge.

3. Third Target: $1.60 – Psychological resistance; a break above this level could trigger a larger upward move.

Stop Loss: Below $1.48 – Place stops near the previous support to manage risk if momentum weakens.

RSI Insights: RSI is approaching 60; watch for further confirmation as the price approaches $1.52.

Trading Tip: Wait for a clean breakout above $1.51 with increased volume before entering. Maintain tight stops to protect capital.

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