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$NOM /USDT – NEAR-TERM BEARISH PRESSURE EMERGING ⚠️
$NOM has pulled back sharply to 0.01012 USDT, down -10.76% from recent highs. The short-term moving averages (MA7: 0.01008, MA25: 0.01020) are starting to flatten below the longer-term MA99 (0.01080), signaling potential continued weakness if support fails. Volume has picked up slightly on the sell-off, indicating momentum is currently favoring bears.
📊 TRADE SETUP
Entry Zone:
Aggressive: 0.00990 – 0.01005
Conservative (wait for confirmation): 0.00980 – 0.00990
Take Profit (TP):
TP1: 0.01050 (near previous MA25 resistance)
TP2: 0.01080 (MA99 resistance / short-term recovery target)
Stop Loss (SL):
SL: 0.00965 (below 24h low support)
⚡ SHORT-TERM MARKET OUTLOOK
Momentum: Bearish in the short-term, but oversold conditions could trigger a minor bounce.
Trend: Watch the MA25 and MA99 — crossing below could extend the downtrend.
Key Levels:
Support: 0.00995 – 0.00990
Resistance: 0.01050 – 0.01080
NOM may see a short-term retracement if it stabilizes near support, but continued volume pressure could push it lower toward 0.00965 if sellers dominate.
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