【$NOM Signal】Short squeeze building up, pullback is a buying opportunity

$NOM 1H timeframe spikes and then pulls back, RSI surges to 80.6, and the 4-hour chart directly breaks out of the upper Bollinger Band. This move looks too fake, clearly profit-taking, but the buy wall below is ridiculously thick, with over $20 million accumulated from 0.00577 to 0.00578. Funding rate has turned positive but remains low, open interest stays steady without dropping, indicating the main players haven't exited.

🎯Direction: Long

⚡Entry/Order: 0.004656 - 0.004776 Range setup

🛑Stop-loss: 0.004000

🚀Target 1: 0.007880

🚀Target 2: 0.009432

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

The 1-hour MACD momentum bars are starting to contract, a typical pause after a sharp rise. The key support is the 0.0048 1-hour EMA20; as long as the pullback doesn’t break this level, it’s a second chance to jump. The order book depth shows buy orders are nearly twice as large as sell orders. This imbalance persists, making it difficult for the price to fall sharply. The 4-hour chart just completed a major bottom breakout, supported by volume. Short-term profit-taking pressure will be sustained by continuous buy support. Risk-reward ratio exceeds 1:4, making it worthwhile to use a smaller position to ride the trend.

Check real-time market 👇 $NOM
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