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Everyone is waiting for the next pump but nobody is looking at how the floor is actually holding up here.
$NOM has been through the wringer lately. That drop from $0.0126 was brutal to watch, but if you zoom in on the current daily candles, the bleeding has finally slowed down around this $0.0028 level. It’s starting to look like an accumulation zone.
The volume is pretty thin right now which usually means the sellers are exhausted. We just saw a small 5% green day, but the real test is whether we can clear that minor resistance at $0.0035.
If we lose $0.0026, it’s probably going back to the $0.0017 lows, but for now, the bids are starting to stack up again in the order book.
I'm just sitting on my hands for a bit. It feels like a spring being compressed. One decent buy order could send this back toward the $0.0050 range pretty quickly.
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