MyCryptoParadise_Simon

NEXA/USDT Gearing for a Bull Run? 👀🚀NEXA Analysis

Long
MEXC:NEXAUSDT   NEXA / USDT
💎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.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0

🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.