Hi everyone!
Most traders chase $NRED after it breaks $1.70. I'm watching it here - back in the zone where the last move actually started.
A lot of traders only notice a stock once it’s already running.
With $NRЕD, that usually means chasing it after it pushes through $1.70, tags $1.80, and starts pressing into the $1.97 to $2.00 breakout area. At that point, momentum is obvious, but the clean entry window is often gone.
Right now the chart is doing something more interesting.
After failing at $2.00, price has dropped back into the $1.32 to $1.38 range. This same zone acted as a base before the last move up. Now it’s acting as support again, and the reaction here matters more than anything happening above it.
There are early signs of buyers stepping in, but volume is still light. That’s important. Without volume confirmation, this is just a test of support, not a reversal.
If volume does pick up here, the structure above is fairly clear.
The first level is $1.38. If price reclaims that and holds it, then $1.45 and $1.50 come into play. A stronger push opens $1.55, then $1.65. From there, $1.70 to $1.80 becomes the next resistance zone worth watching again.
The main ceiling stays at $1.97 to $2.00. Above that, the $2.12 area and higher supply zones come back into focus.
This is the part of the chart most people skip. It’s quiet, it’s slower, and it doesn’t get attention. But it’s where risk is defined and where the next move either starts forming or fails early.
Are you seeing buyers defend this zone, or is this setting up for another leg down?