$NOM Signal】Short squeeze buildup, pull back to add longs


$NOM 1H level repeatedly tests around 0.0032, with strong buy-side depth, orders densely clustered below 0.00329. The 4H MACD shows a bullish crossover with shrinking momentum, and the price remains above the middle Bollinger Band, indicating a strong consolidation. In a negative fee environment, open interest remains stable, and bears face squeezing pressure.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.00310 - 0.00318 range

🛑Stop loss: 0.00290

🚀Target 1: 0.00432

🚀Target 2: 0.00489

🛡️Trade management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.00325, consider exiting early.

The order book is seeing frantic cancellations, but strong buying interest remains in the 0.0030-0.0031 zone, quickly absorbing selling pressure. The 1-hour RSI has fallen from overbought to 56, providing a healthy retracement space. The 4-hour open interest has not decreased with the price pullback, indicating clear support from funds. Under this structure, the risk-reward ratio exceeds 4:1, making it worthwhile to use a small stop loss to bet on the continuation of the short squeeze.

View real-time market 👇 $NOM
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