NXE is displaying solid bullish momentum after successfully breaking through key resistance levels. The formation of a strong continuation candle this week signals renewed buying interest and market acceptance of the higher price range.
What's notable here is the shift in trader dynamics—those who were selling at lower levels are now facing pressure to cover or chase, marking a clear transition in market sentiment. The technical setup suggests conviction from buyers, with price action confirming that resistance has transformed into fresh support. This kind of follow-through is what separates false breakouts from genuine directional moves, and NXE appears to be building the foundation for sustained upside momentum.
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consensus_failure
· 6h ago
nxe this breakout looks pretty good, but I'm worried it might be another fake move... I got trapped last time.
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EyeOfTheTokenStorm
· 12h ago
According to my quantitative model, this breakout indeed has a threshold— but don't rush to go all-in. I saw a similar candlestick pattern in 2017, and in the end... you all know.
From a technical perspective, the phenomenon of short sellers being forced to cover does exist, indicating genuine buying interest. However, historical data tells me that this is when traps are most likely to occur. Risk reminder: doing T (trading) is fine, but don't bet your entire fortune.
Whether the support can hold after the breakdown is the key; don't be fooled by short-term emotions.
Hmm, this trend looks a bit familiar... but now the market structure has changed; it's no longer the simple行情 like in 2021.
Another wave of "must rise"? Let me see how the trading volume matches... If the volume can't keep up, this is just a trap set by the main players.
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RektRecorder
· 12h ago
nxe this wave is indeed quite fierce, the bears are trapped tightly, it really looks like it's about to take off
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GasSavingMaster
· 12h ago
nxe this breakout actually looks a bit promising... However, the key is when the bears' re-accumulation pressure increases, so don't fall for another false breakout.
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SingleForYears
· 12h ago
nxe's recent breakdown is indeed significant; being trapped in a short position must not feel good, huh
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GasOptimizer
· 12h ago
The key after breaking the level is the sustainability, which depends on the trading volume data; otherwise, it’s easy to be hammered back.
NXE is displaying solid bullish momentum after successfully breaking through key resistance levels. The formation of a strong continuation candle this week signals renewed buying interest and market acceptance of the higher price range.
What's notable here is the shift in trader dynamics—those who were selling at lower levels are now facing pressure to cover or chase, marking a clear transition in market sentiment. The technical setup suggests conviction from buyers, with price action confirming that resistance has transformed into fresh support. This kind of follow-through is what separates false breakouts from genuine directional moves, and NXE appears to be building the foundation for sustained upside momentum.