The $NMR price has seen a significant decline of -6.89% in the last 24 hours, indicating a short-term oversold condition. The 1-hour price recovery of +1.52% suggests potential for a rebound in the near term. The price is hovering close to the 24-hour low of $13.84, which could act as a strong support level, making it an attractive entry point for a speculative long trade. However, due to high market volatility and bearish weekly performance (-33.06%), a tight stop loss is recommended to minimize risk.
If the market sentiment shifts, there is room for recovery to previous resistance levels in the range of $16.10 to $17.80, offering favorable risk-to-reward ratios (1:2 to 1:5).
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$NMR
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