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$NES โ Bullish structure, but DILUTION RISK is HUGE. ๐จ
Price 0.20666 โ above MA7 (0.20171), MA25 (0.20073), and MA99 (0.19921) โ bulls in control. 24h high 0.21810 got rejected. Volume is thin โ USDT only 1.39M liquidity. Today +5.6%.
What I see:
ยท Price above all MAs โ bullish structure.
ยท Rejection at 0.21810 โ resistance is real.
ยท FDV $206M vs mcap $29M โ 7X dilution risk.
My play:
Break above 0.21810 โ continuation.
Hold MA7 (0.20171) โ bulls stay in control.
Lose MA7 โ pullback to 0.199.
Verdict: Bullish structure, but dilution risk is MASSIVE. Watch the break.
Are you in or watching? ๐
#NES #DilutionAlert #BinanceSquare ---
Not financial advice. DYOR.