【$NOM Signal】Short squeeze in progress, buy the dip

$NOM 1H timeframe spikes higher then consolidates at high levels, 4H Bollinger Bands fully open, price has already broken above the upper band. Open interest remains at a record high, funding rates have turned negative, and bears are still adding to their positions.

🎯Direction: Long

⚡Entry/Order: Accumulate in the 0.00417 - 0.00428 range

🛑Stop Loss: 0.00370

🚀Target 1: 0.00659

🚀Target 2: 0.00775

🛡️Trade Management:
- Execution Strategy: Half position at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.0045, consider exiting early.

Negative funding rates coexist with high open interest, which is classic fuel for a short squeeze. The 1-hour RSI is high but not yet overbought, with strong buy-side volume accumulating below 0.0050, and selling pressure being quickly absorbed. The 4-hour MACD momentum bars continue to expand, indicating the bullish trend remains intact. In this structure, any pullback to the EMA20 is an opportunity for a fund support, with a very favorable risk-reward ratio.

View real-time market 👇 $NOM
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