$NRN is testing a supply zone where sellers may regain the upper hand.
$NRN has surged from 0.001274 to 0.001564 — a 22% gain. Price is now testing a key resistance area. RSI at 72 — overbought. Momentum is slowing, and volume is beginning to fade.
Trading Plan Short $NRN
Entry: 0.00155 – 0.00157
SL: 0.00161
TP1: 0.00148
TP2: 0.00139
TP3: 0.00128
The recent advance has pushed price back into an area that previously rejected buyers. This move still appears corrective. If buyers fail to hold above this zone, a drop toward the liquidity below the recent lows could follow.
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