$NBIS – Massive Reversal Setup! Watching the $48.64 Zone for a CTradr 2X Long NBIS Daily ETFBATS:NEBXMyMIWalletNBIS has finally rebounded off its $28.68 low, delivering a sharp recovery move back toward the key mid-range zone near $47.39. For weeks, this ETF has been trading under heavy pressure, but the recent surge in volume suggests early accumulation and a potential shift in trend momentum. Price is now approaching a major confluence zone: Long-term descending resistance (red trendline) Long-term ascending support (green trendline) Horizontal structural level (yellow) around $48.64 This intersection typically produces large direction-defining moves, making the next few sessions extremely important. 📊 Technical Overview Support Levels: $47.39 → $36.72 → $28.68 Resistance Levels: $48.64 → $56.00 → $64.00 Structure: Squeezing between descending macro trendline & rising support Momentum: First strong bullish pivot in weeks; volume spike confirms renewed interest Trend Bias: Bullish above $47.39, neutral-to-bearish below that A clean breakout above $48.64 would confirm a trend reversal and open the path toward the $56–$64 range. This ETF has historically produced aggressive expansions after breaking key compression points like this one. 📈 Market Context NBIS tracks 2X leveraged exposure to NBIS — and leveraged ETFs often lead broader sector rotation signals. When trendlines converge this tightly, algo-driven volatility frequently takes over, meaning: Traders should watch for a surge in volume A breakout candle often runs much farther than expected Failed breakouts typically retrace to the lower trendline quickly Macro conditions in related sectors (biotech, health innovation indices) have begun stabilizing, increasing the probability of bullish continuation. 💡 My Plan Entry Zone: On breakout above $48.64 or retest of $47.39 Targets: $56.00 → $64.00 Stretch Target: $98.48 (long-term range expansion target) Invalidation: Close below $36.72 = bearish continuation likely Aggressive rotation plays like this often run fastest when the market least expects it — and NBIS is approaching the most critical level of its entire 2024–2026 structure. NBIS is sitting right at a compression apex — breakouts from this pattern typically turn into massive moves 🚀 Do you think we blast through $48.64 or get rejected at the trendline? Drop your thoughts ⬇️ I’ll post the breakout confirmation update once we get the move 📈 XBI LABU SPY