【$NOM Signal】Short squeeze setup, pull back to go long

$NOM 1H timeframe: after a sharp rise, a pullback occurs, funding rate drops to -0.22%, indicating extremely crowded bearish sentiment. Open interest remains stable, but the price is stubbornly around 0.0064, a typical short squeeze fuel buildup. The 4-hour Bollinger Bands are in the upper half, the channel is open, but the 1-hour MACD fast and slow lines are converging, indicating a short-term pullback confirmation is needed.

🎯Direction: Long

⚡Entry/Order: 0.005626 - 0.005771 staggered entries

🛑Stop Loss: 0.004800

🚀Target 1: 0.009655

🚀Target 2: 0.011597

🛡️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.

The order book depth shows buy orders are 1.35 times the sell orders, with heavy orders below 0.00638, exposing the capital support intent. In this negative funding rate environment, holding positions without reduction and the price not collapsing, once buy pressure intensifies, short covering will create a strong positive feedback loop. RSI has fallen from high levels to 63, providing a healthy retracement space. Risk-reward ratio is 4:1, making this setup worth a try.

View real-time market 👇 $NOM
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