$NES remains vulnerable to a bearish reversal after a powerful +27.90% expansion, with price approaching the $0.1545 support area after a sharp upside move. Sellers could regain control if the rally fails around $0.1600 resistance and price loses $0.1545. A clean breakdown below $0.1545 could expose fresh downside liquidity, while only a strong reclaim above $0.1630 would weaken the bearish setup.

Trade Setup

Entry: $0.1545 – $0.1570

Target 1: $0.1500

Target 2: $0.1450

Target 3: $0.1390

Stop Loss: $0.1630

How it's possible

Market structure:

The large upside expansion leaves the market susceptible to profit-taking. A rejection followed by a lower high would be the first indication that buyers are losing control.

Lower highs/lower lows:

A lower high beneath $0.1600 followed by a breakdown through $0.1545 would establish the bearish reversal structure.

Key support and resistance:

$0.1545 is the main downside trigger, while $0.1600 is the immediate resistance zone and $0.1630 is the invalidation level.

Volume confirmation:

The breakdown is stronger if selling volume expands as $0.1545 is lost. Weak volume would reduce conviction.

Momentum:

The +27.90% move represents aggressive short-term momentum. Once momentum fades, trapped late longs can provide fuel for a retracement.

Liquidity:

Below $0.1545 sits potential long liquidation and stop liquidity. A decisive sweep can accelerate downside momentum.

Breakdown/rejection confirmation:

Wait for rejection around $0.1600 followed by a candle close below $0.1545 before treating the setup as confirmed.

If price closes above $0.1630, the bearish setup fails and the trade should be exited to protect capital.

Let’s go and Trade now $NES

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