$NMR /USDT Trading Signal – Downward Momentum Continues
Market Context: NMR is currently in a bearish trend, steadily declining with no signs of reversal yet. Sellers remain in control, pushing the price to test lower support levels.
Short Trade Setup:
Entry Zone: Below $16.30
Targets:
Target 1: $16.10
Target 2: $15.80
Target 3: $15.50
Stop Loss: $16.50
Observation:
A breakdown below $16.20 with strong selling pressure could accelerate the downtrend.
Monitor for increased volume and bearish continuation patterns before entering a short position.
Risk Management:
Limit your exposure to 2% of your portfolio on this trade.
If Target 1 is reached, consider moving the stop loss to breakeven to protect your capital.
Note: If the price holds above $16.20 and shows signs of recovery, the bearish outlook might be invalidated. Watch for potential consolidation or a reversal pattern.
