【$NOM Signal】Short squeeze continues, dip to go long

$NOM The 4-hour chart has broken out of the upper Bollinger Band, RSI soared to 84, but open interest remains stable, with a high negative funding rate of -0.21%, a typical short squeeze structure. The 1-hour chart completed a dip confirmation around 0.0062, with buy volume 1.8 times that of sell volume, fully exposing the capital support intent. Under this negative funding rate, the price staying firm often indicates that the bulls are actively accumulating, while the bears are passively paying the funding cost.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.00553 - 0.00567 range

🛑Stop loss: 0.00470

🚀Target 1: 0.00956

🚀Target 2: 0.01150

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0068, consider taking partial profits early.

Although the 1-hour MACD momentum bars have slightly contracted, the fast and slow lines are still above zero, indicating a consolidation in the upward trend. The 4-hour buy volume continues to push higher, with recent candles showing high trading volume, quickly digesting selling pressure. The current risk-reward ratio is close to 4:1, enough to cover the high volatility risk of Hot Coin. There are thick orders below at 0.00665 to 0.00655, forming a clear defensive line.

View real-time quotes 👇 $NOM
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