【$NOM Signal】Pullback to add long, short squeeze structure initially forming

$NOM 1H timeframe retracement with decreasing volume, bouncing off EMA20, price holding above 0.0027. The 4-hour Bollinger Bands are opening upward, price has broken above the upper band, and the MACD histogram is still expanding. Open interest remains stable, but the funding rate is -0.42%, indicating very high costs for short positions.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.00223 - 0.00228 range

🛑Stop-loss: 0.00220

🚀Target 1: 0.00264

🚀Target 2: 0.00282

🛡️Trade Management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop-loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Buy order depth is clearly accumulating below 0.0027, while sell pressure is relatively dispersed. In this negative funding rate environment, prices are not falling, but once buying power intensifies, a short squeeze can easily trigger. The 1-hour RSI has pulled back from overbought territory to around 70, indicating a healthy correction. The current risk-reward ratio exceeds 4, making the odds favorable, but caution is advised for potential additional volatility during weekend early hours due to possible liquidity drying up.

View real-time market 👇 $NOM
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