🚀 NOM/USDT: Momentum and Scalp/Intraday Structure Analysis
Hello, traders and followers! Observing the NOM/USDT chart, we see a significant upward movement in the last 24 hours (+75%), but the secret is not just to enter the euphoria, but to identify support and exhaustion points.
📊 Technical Overview
The current price of $0.01308 is testing important liquidity zones. With a volume of 1.60 billion NOM, volatility is high, requiring heightened attention in management.
Entry Point (Buy Zone): Ideally, seek confirmation in healthy corrections close to the region of $0.01250 - $0.01270, where buyer volume showed previous support.
Holding (Hold/Trend): Maintain the position while the price sustains above the MA60 on the 15min/1h chart. If we lose the support of $0.01240, the short-term upward structure may be invalidated.
Exit Targets (Take Profit): 1. $0.01350 (Immediate and recent maximum resistance).
2. $0.01420 (Fibonacci expansion zone).
Risk Management (Stop Loss): Suggested below $0.01210 to protect capital against sharp reversals.
⚠️ Reminder: The Layer 1 / Layer 2 market in high demand requires quick execution. Do not trade without a Stop and always take partial profits to ensure gains in your pocket!
What do you think of this movement? Does the rally continue or is there a correction for a retest? Comment below! 👇
#BinanceSquare #CryptoTrading #NOMUSDT #TechnicalAnalysis #Altcoins "This is not an investment advice, do your own analysis (DYOR)."
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