【$NOM Signal】Pullback confirmation, short squeeze setup

$NOM 1H timeframe shows a volume decline on the pullback to EMA20, buy orders are heavily stacked below 0.00336, while sell orders show a clear gap. In a negative funding rate environment, open interest remains steady, the price refuses to drop sharply, indicating a typical short squeeze buildup.

🎯Direction: Long

⚡Entry/Order placement: Gradual accumulation 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 Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.00335, consider it weak and exit early.

The 4-hour MACD fast and slow lines are still above the zero line, indicating the trend is intact. On the 1-hour chart, selling pressure is being continuously absorbed, RSI has fallen from high levels to 58, providing room for a second upward move. Market depth shows that once the sell wall between 0.00335 and 0.00337 is cleared, the upside space will be fully opened. Under this structure, the risk-reward ratio exceeds 4:1, making it worthwhile to take limited risk for a major rally.

View real-time market 👇 $NOM
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