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Hxlaw
Hxlaw
$NMR NMRUSDT is showing a strong increase in the 1-h frame. The current price is at 10,496 USDT, up 2.59% in 24 hours, approaching the highest level in 24 hours of 10,573. Positive technical factors: • The price has strongly broken the previous accumulation area and is trading on all important MA lines (MA5: 10,308; MA10: 10,172; MA20: 9,733). • The short-term MA is above the long-term MA, creating a clear Golden Cross signal. • A consecutive strong green candle with a spike in volume shows that the buying force is dominating. • The nearest support level is the 10,000 - 9,900 area (MA20 area and the old peak). Recommendation: It is possible to open a buy position around the area of 10,300 - 10,500. • Take profit 1: 10,800 - 11,000 • Take profit 2: 11,500+ • Stop loss: less than 9,900 (about 5-6% risk). Overall, the short-term trend is very bullish. Investors can participate with an attractive R:R ratio if they maintain the support volume. Should closely monitor the price movement around the resistance area of 10.573.

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