Alright, let's take a deep breath and look at this $NOM chart without getting swept up in the hype. That massive daily candle—up over 120% with crazy volume—screams impulse move, the kind where smart money stepped in hard. But right now, price is stretched way above the 99-period moving average, which usually means we're in overextended territory and a pullback or at least some consolidation is the healthy next step before any real continuation.
For a safer long approach on spot or very low leverage, I'd wait for a healthy dip back into the 0.0148–0.0155 area. That's around the previous breakout zone and likely near the VWAP from the explosive move, so it offers a solid risk-defined spot to get involved. Place your stop loss below 0.0134 to protect against any deeper structure break or fakeout, and then you're looking at targets starting around 0.0188 for the first take-profit, 0.0200 to tag the prior high, and—if momentum really kicks back in—extension toward 0.0225–0.0240. That setup gives a nice 1:3+ risk-reward without forcing anything.
If you're feeling more aggressive and want to play a breakout continuation instead, only step in if we see a clean 1-hour candle close above 0.0182 backed by strong volume. Then you could enter around 0.0183–0.0186, keep a tighter stop at 0.0169, and aim for 0.0200 initially before scaling toward 0.0230. Higher risk, obviously, but it catches the move if the bulls refuse to let it cool off.
Bottom line: don't chase this thing at the top just because it's pumping—volatility like this can reverse fast if late buyers pile in without fresh fuel. Patience here could make the difference between a solid trade and getting shaken out. Stay disciplined, manage size, and let the chart come to you. What's your take on where it pulls back to?
