Update NMR

Current price: 21.09
Reached a peak of 24.65 in an explosive candle after being at 7.87 (!!) → which means more than 200% rise in a very short time.
Moving Average:
MA(7) = 13.28 ( very far below the price )
MA(25) = 9.95
MA(99) = 8.58
→ This indicates that the last movement is parabolic (sharp speculation).
📊 Indicators:
RSI(6) = 91 → at the peak of overbought, this is a very dangerous level and it's hard to continue without a correction.
Stoch RSI = 99 → still at the maximum overbought
MACD = +1.37 with a strong positive crossover → upward momentum is present, but overbought.
Volumes (: Suddenly exploded with the last candle → meaning the entry of massive speculative liquidity.
📌 Technical Analysis:
What happened was a massive pump and the price rose excessively in a short period.
Now either a violent correction happens ) with a drop for profit taking ( or it will remain in strong fluctuation between 20 – 25.
Nearest support: 18.1 – 17
Resistance: 24.6 )Last peak(
🎯 Recommendation:
Not a buying time → entering now is a high risk because the RSI and Stoch RSI are at the peak of overbought.
The best:
If you have a profit → start taking partial profits above 21 – 24
If you want to enter → wait for a strong correction to level 17 – 18
Quick stop loss if it breaks 17
⚠️ Summary:
The currency has experienced an unnatural pump. Entering now = high risk. It is better to watch for a correction and enter from a stronger support area instead of buying at the peak.
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