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$NAORIS / USDT – Short Setup After Rejection
NAORIS just rejected the $0.042 resistance and is now trading at $0.03970, down from its 24h high of $0.04721. The chart is showing clear distribution signs after a massive +30% pump.
📊 Technical Analysis:
- Resistance: $0.04200 (double top formation)
- Support: $0.03500 / $0.03200
- MACD losing momentum – bearish crossover approaching
- Volume fading as price drops – weaker buyers
- RSI cooling from overbought zone
🔻 My Short Setup:
- Entry Zone: $0.03950 – $0.04050
- Stop-Loss: $0.04250 (above resistance)
- Target 1: $0.03500
- Target 2: $0.03200
⚠️ If $0.042 breaks with strong volume, I'll flip to long and target $0.045–$0.047.
What's your move on $NAORIS? Shorting the top or waiting for a breakout?
#NAORIS #GateContentMining