NXRAUSDT trading ideaNXRAUSDT has confirmed a rising wedge breakdown, initiating a strong bearish impulse while maintaining respect for the descending dynamic trendline. With two prior rejections at this trendline, the probability of a third test remains high, setting up a short-term retracement opportunity toward local resistance or the identified supply zone.
The overall bearish structure suggests continuation towards the final downside target, contingent on price failing to reclaim key resistance levels. A break above the 0.043–0.05 zone would invalidate the bearish bias, shifting momentum towards 0.0887 as the next major resistance before any further upside expansion.
