TradingView
MyCryptoParadise_Simon
Apr 17, 2024 6:26 AM

NMR/USDT Primed For a Bull Rally From a Critical Support?🚀  Long

NMR / TetherUSBinance

Description

â‹…
💎Paradisers, turn your attention to #NMRUSDT, which is currently making significant moves in the market. #Numeraire has recently tested resistance at $33.68 and is now stabilizing around the critical support of $21.04.

💎If #NMR maintains its foothold at this key level, we might see a bullish continuation. This outlook is bolstered by NMR’s performance above the EMA, pointing to a potential sustained rise from here.

💎However, should #NMR find it challenging to hold its position at $21.04, it might be time to reconsider our strategy. A break below this point could see us looking towards a rebound from the next critical support at $17.45.

💎Crossing below this subsequent support level could suggest the onset of a bearish phase. We will adapt our tactics accordingly.

💎Your ParadiseTeam is actively monitoring the market and ready to guide you through these dynamics to optimize your trading outcomes.
More