$NOM is currently cooling down after a massive increase of 115% and is above the key breakout zone. Price action shows a healthy reset rather than a top distribution, and the pullbacks on lower time frames are continuously absorbed.
🎯 Direction: Long
🎯 Entry: 0.0158 - 0.0162
🛑 Stop Loss: 0.0149 (hard stop loss, if this level is broken, the structure fails)
🚀 Target 1: 0.0185
🚀 Target 2: 0.0200
$NOM has stabilized above the previous high area after a huge breakout, undergoing narrow consolidation. The market shows no panic selling pressure, with shallow and short pullbacks, which is typical of strong consolidation. Positioning data suggests that there is institutional capital support, rather than simply a short squeeze. As long as the price can hold above the breakout zone and complete the chip turnover, continuing the upward trend is highly probable.
Trade here 👇$NOM
NOMUSDT
Perp
0.006829
-0.85%
---
Follow me: Get more real-time analysis and insights on the crypto market!