【$NOM Signal】Pullback to go long, short squeeze structure begins to emerge

$NOM After a violent surge on the 1H timeframe, the price has already broken above the upper Bollinger Band, RSI has soared to 82, and buying pressure shows clear signs of thinning. The 4-hour chart also broke above the upper band, but open interest remains stable, with a high negative funding rate of -0.73%, indicating shorts are paying a hefty cost.

🎯Direction: Pullback to go long

⚡Entry: Place orders in the range of 0.002716 - 0.002786.

🛑Stop Loss: Below 0.002600.

🚀Target 1: 0.003530

🚀Target 2: 0.003902

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot stabilize in the entry zone, exit immediately.

Order book shows deep buy-side support, with dense orders around 0.00402 below, exposing the capital support intent. The 1-hour MACD fast and slow lines are opening upward, and momentum is still expanding. In this negative funding rate environment, as long as the price doesn’t drop sharply, short covering can provide additional upward push. The current risk-reward ratio exceeds 4, making it worthwhile to use a smaller position to attempt a secondary rally after a pullback.

Check real-time market 👇 $NOM
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