The chart shows $NAORIS /USDT on Binance perpetual futures, currently trading at 0.03063 after a sharp -14.13% drop in the last 24 hours. It hit a high of 0.03591 and low of 0.02889, with strong volume spikes during the recent pump to ~0.064 before the pullback.
Key technicals:
Price is below all major EMAs (8: 0.03622, 13: 0.03527, 21: 0.03335), confirming bearish momentum.
RSI(6) at 34.5 (oversold territory), RSI(14) at 47.3 – showing weakening but potential exhaustion.
Stochastic oscillator: K 25.1, D 39.7, J negative – oversold crossover hinting at a short-term bounce.
Recent candles show rejection at higher levels after a volatile rally, now consolidating near support around 0.03.
This dip looks like a healthy correction in a broader uptrend structure from lows (~0.018), but with momentum fading, more downside pressure could test lower supports before reversal.
TRADE FORECAST: SHORT $NAORIS /USDT NOW!
Bearish bias – enter short around current levels/market.
🎯 Take Profit 1: 0.02800 (near 24h low zone)
🎯 Take Profit 2: 0.02580 (stronger support)
🛑 Stop Loss: 0.03350 (above recent EMA cluster for protection)
Risk management is key – use leverage wisely on Binance Futures! Volatility is high, so size positions small. Could see quick rebound if oversold conditions trigger, but structure favors bears short-term.
Don't miss the move – trade $NAORIS/USDT Now! Follow & turn 🔔 on for more signals ✅ Let's catch these dips & pumps together!
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