From the 4-hour chart, NOM is still within the standard downtrend channel, with higher highs continuously decreasing and rebound strength gradually weakening.

The area around 0.00622 is a key resistance zone. Multiple attempts to break through previously failed to establish a solid footing, forming a clear resistance area. Currently, the price is trading at a low around 0.00363, near the lower boundary of the channel, with very limited rebound potential.

Under this structure, the risk-reward ratio for short positions is relatively favorable:
Entry zone: around 0.0036-0.0038, with a small position for a test short
Stop-loss: above 0.0063
Initial target: around 0.0025-0.0020
The channel structure is intact, resistance is clear, and rebounds are weak. This is a good short opportunity. No bottom fishing, no illusions—let the market move on its own.