$NOM
NOMUSDT — Pullback to Key Support After Strong Rally
NOMUSDT is trading near $0.01357, pulling back to test the $0.0135 - $0.0140 support zone after a strong +70% monthly rally. This level represents a previous resistance-turned-support and a key Fibonacci retracement area, offering a potential long entry for continuation of the uptrend.
Trade Plan
Entry (Long): $0.01320 - $0.01380 (Accumulate at the key support zone and 0.382-0.5 Fib area)
Target 1: $0.01500 (Immediate resistance and recent high)
Target 2: $0.01670 (Next swing high and measured move target)
Stop Loss: $0.01275 (Below the support zone and recent swing low)
My View
NOMUSDT remains in a strong uptrend on the monthly timeframe. This pullback offers a high-probability long entry for a move back toward recent highs. The stop is placed below key structure, offering a favorable risk-reward. A break below $0.01275 would signal a deeper correction.
