🚨 $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!

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