⚡ $NAORIS Trade Plan: Is the Short Squeeze Loading? 🚀
$NAORIS is currently at a massive crossroads. If the market continues to absorb this selling pressure, we could be looking at a significant "punishment" move for late short positions. Here is how I’m playing the current structure.
📈 The Long Setup
Entry Zone: 0.06307 – 0.06429 (Near key level 0.06368)
Stop Loss (SL): 0.06003 🛡️
Take Profit 1 (TP1): 0.06733
Take Profit 2 (TP2): 0.06855
Take Profit 3 (TP3): 0.07098
🔍 Why this setup?
Timeframe Confluence: A solid 4H LONG structure is taking shape within the 0.06307 – 0.06429 demand zone.
Trend Health: Despite local volatility, the 1D trend remains structurally bullish.
Momentum Check: The 15m RSI is sitting at 46. This is neutral enough to suggest that momentum has reset and is primed for a continuation move rather than being overextended.
The Volume Caveat: 15m volume is currently trailing at 0.24x (approx. 127.33K vs. the expected 538.25K). This tells us that while the level is holding, we still need that "spark" of high-volume confirmation to ignite the move.
🗣️ The Big Debate
Are we seeing a clean reaction off support, or is this a bull trap designed to catch early entries before a deeper correction?
Personally, I'm watching the volume closely. If we see a spike while holding the 0.06368 area, the bears might be in for a very uncomfortable ride.
What do you think? Are you longing the dip or waiting for a lower entry? Let me know below! 👇
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