The “Two-Step” Setup: Base At $2.10, Then Reclaim $2.35

Good reversals usually come in two steps: build a floor, then win back a key shelf. [NASDAQ]: NXXT spent the afternoon defending $2.10 and printing higher micro-lows, even as the 30-minute 10/20 MAs slid overhead. Step one looks in progress. Step two is reclaiming $2.23–$2.28 and converting $2.35 from cap to runway. That would put price back inside the prior value area and invite a test of $2.39–$2.47.

The character of Friday’s bounce matters: the selloff had max volume on the first flush, then lighter follow-through as demand appeared near $2.02–$2.10. That’s profit-taking and forced exits, not broad distribution. If Monday opens calm and the first pullback holds $2.12, odds improve for a structured walk-up into $2.35. Lose $2.08 on a closing basis and you likely rebuild closer to $2.02 before another try. With fundamentals offering oxygen, a patient base is all that’s missing. Will you prefer buying the $2.10 retest early, or confirming strength above $2.28 and targeting a clean $2.35 tap?

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Posted Oct 10, 2025, 7:28 PM UTC

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