$NAORIS has broken below key support and is now facing heavy resistance on the daily timeframe. The failed reclaim suggests the breakdown is valid, with sellers maintaining control of structure.
As long as 0.03545 remains unbroken, the bearish thesis stays intact. Rejection inside the 0.03321–0.03385 zone increases probability of continuation toward 0.03161 initially. If downside momentum expands, 0.03097 and 0.02969 become the next liquidity objectives.
A strong reclaim and acceptance above 0.03545 would invalidate the short setup.
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$NAORIS breakdown confirmed — daily resistance rejecting price.
🔻 SHORT $NAORIS
Entry Zone: 0.03321 – 0.03385
Stop Loss: 0.03545
Target 1: 0.03161
Target 2: 0.03097
Target 3: 0.02969
$NAORIS has broken below key support and is now facing heavy resistance on the daily timeframe. The failed reclaim suggests the breakdown is valid, with sellers maintaining control of structure.
As long as 0.03545 remains unbroken, the bearish thesis stays intact. Rejection inside the 0.03321–0.03385 zone increases probability of continuation toward 0.03161 initially. If downside momentum expands, 0.03097 and 0.02969 become the next liquidity objectives.
A strong reclaim and acceptance above 0.03545 would invalidate the short setup.
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