【$NOM Signal】Short squeeze pullback, sniper for a second upward attack

$NOM The 1H timeframe retraced from a high of 0.0043, current price at 0.00354 sideways. The 4-hour Bollinger Bands are fully expanded, and the price has broken above the upper band, indicating a typical consolidation after a strong breakout. The 1-hour MACD fast and slow lines are tightly bound at high levels, with the momentum histogram shrinking, suggesting a short-term pullback for confirmation. The order book is rapidly canceling orders, with significant sell orders above 0.00355, but buy orders from 0.00353 to 0.00350 are several times thicker than the sell orders, revealing a clear bottom support intention. The negative fee rate of -0.059% combined with stable open interest indicates that the bears are still paying costs, providing an excellent safety margin for the bulls.

🎯Direction: Long

⚡Entry/Stop Orders: 0.00291 - 0.00298 range lurking

🛑Stop Loss: 0.00270

🚀Target 1: 0.004125

🚀Target 2: 0.004695

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0030 and falls below the entry zone again, abandon this trade.

The current price is far from the 1-hour moving average, making chasing high risk-reward unbalanced. The ideal sniper entry is a pullback to around 0.0029, which is a previous breakout cluster and also the support zone of the 4-hour EMA20. The open interest remains stable after a surge, indicating that funds have not exited massively but are waiting for new catalysts. RSI has fallen back from overbought to 64, providing a healthy retracement space. The risk-reward ratio is 4:1, making this trade worth taking with smaller risk to capture the large upward volatility.

Check real-time market 👇 $NOM
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