【$NOM Signal】Pullback to buy, short squeeze structure initially emerging

$NOM After a massive surge on the 1H timeframe, the price consolidates at high levels. Buying volume is 1.2 times the selling volume, fully exposing the market’s support intent. The 4-hour Bollinger Bands have fully expanded, and the price is steadily above the upper band. MACD lines continue to diverge. The negative funding rate is as high as -0.215%, yet open interest remains unchanged, indicating a passive short position has formed.

🎯Direction: Long

⚡Entry/Order: 0.002813 - 0.002885

🛑Stop Loss: 0.002600

🚀Target 1: 0.004027

🚀Target 2: 0.004598

🛡️Trade Management:
- Execution Strategy: After the price hits the first target, reduce position by half. Move the remaining stop loss up to the entry price. If the price fails to hold above 0.0035 and retraces into the entry zone, consider momentum exhausted and exit all positions.

This sideways movement after the rally quickly absorbs selling pressure. The 1-hour RSI has fallen from overbought levels to a healthy zone, providing a second opportunity to enter. Open interest remains stable after the surge, indicating this is not just retail chasing highs—there is institutional support locking in positions. The order book below in the 0.00365 to 0.00355 range is very thick, forming a natural buffer zone. The current risk-reward ratio exceeds 4:1, making it worthwhile to use a smaller stop loss to bet on the continuation of the trend.

Check real-time market 👇 $NOM
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