NEXA/USDT Gearing for a Bull Run? 👀🚀NEXA Analysis💎Paradisers, let's focus on #NEXAUSDT, where the current trend suggests a potential for a significant bullish rebound from its crucial support zone.
💎Examining #Nexa's recent market performance, we observe a gradual 65% decline after encountering resistance at a major supply level. However, resilience is notable around the support level of $0.0000059, indicating a potential for an upward shift.
💎Despite the current difficulties in achieving new highs or surpassing past peaks, leading to a temporary bearish outlook, the $0.0000059 mark holds significant importance for #NEXA. This level could potentially be the trigger for a strong bullish wave upon retesting.
💎As proactive traders, we're always prepared with a contingency plan. If #NEXA doesn't sustain the $0.0000059 support and declines further, we're looking at a bullish resurgence starting from the lower support at $0.0000051. It's important to note, however, that falling below this second support level could indicate an extended bearish trend.
💎Maintain flexibility in your strategies and stay vigilant with the charts, Paradisers. Your ParadiseTeam is constantly monitoring and ready to steer you through these market movements.
NEXAUSDT
NEXA long setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Nexa Is Good for Continuation
On November 25th, Nexa made an ATH at 0.00002.
Following its ATH, Nexa began a correction to the 0.5 Fib at 0.0000177. For the last eight days, this level has been holding solid.
Nexa is Consolidating between the 0.5 and the 0.382 Fib levels. A daily close above the 0.382 Fib will likely reignite the bullish momentum.
The 21D EMA is resistance, and I would wait for a break and retest before entering a long trade—or, possibly, a break and retest above the 0.382 Fib.
My initial target is the 0.00002 level. However, Nexa could create a Cup and handle pattern, possibly sending it to 0.000028291. A 138% upside from its current price.
Trade Idea 1:
Entry: 0.0000124022 (21 D EMA).
SL: 0.0000105246 (Lowest Wick below the 0.5 Fib).
Target: 0.00002
R: R: 1:3.87
Trade Idea 2:
Entry: 0.0000137190 (0.382 fib).
SL: 0.0000117789 (0.5 fib).
Target: 0.00002
R: R: 1: 3.23
Leave some on the table for the higher target.
NFA.
What do you think? Please share in the comments
Best Wishes.
NEXA/USDT Waiting for 30% more Correction Before ATH#NEXA
I am Expecting More Downtrend.
Imo 0.0618 Fib will be a Good zone for Accumulation.
Now bit Risky.
Best Entry IMO = $0.00001600-$0.000018
Target = New ATH
Stop Loss = Below 0.618 Fib Level.
Just My view Not Financial advice.
Do your Own Research Before Investing in any Coins.