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$NAOR shows a strong rally followed by overbought conditions. Be patient and wait for a pullback to buy the opportunity.
Ready to go long $NAOR
Entry: 0.02670 – 0.02900
Stop Loss: 0.02500
Take Profit 1: 0.03700
Take Profit 2: 0.04070
Take Profit 3: 0.04500
After a nearly 40% surge, $NAOR has entered overbought territory with an RSI as high as 72. The pressure to take profits in the short term is building. A healthy pullback is a necessary step for trend continuation. The best current strategy is to stay patient and wait for the price to retrace to the area where the MA20 and previous key support levels converge. This zone offers an excellent risk-reward ratio, and as long as demand re-enters here, the next upward wave can be expected.
The trading opportunity for $NAOR is here 👇