【$NOM Signal】Pullback confirmation, sniper for secondary rally

$NOM 1H level surge and pullback, current price 0.006262. 4H Bollinger Bands just opened, price surged to the upper band then pulled back to the middle band. 1H MACD shows decreasing red bars, but the fast and slow lines are still above zero, indicating bullish momentum has not fully exhausted. The order book shows significant buy orders around 0.00628, but selling pressure above 0.00629 is gradually increasing.

🎯Direction: Long (buy on dip)

⚡Entry/Order: 0.005174 - 0.005200

🛑Stop Loss: 0.005200

🚀Target 1: 0.005070

🚀Target 2: 0.005018

🛡️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 to the entry level, exit automatically to protect capital.

Funding rate -0.62%, short position costs are very high, with potential for short squeeze. 1H RSI has fallen from overbought territory to 68.9, providing a healthy pullback space. 4-hour volume surged significantly during the breakout, indicating genuine market participation rather than mere speculation. Currently, the price is far from the 1H EMA20, so chasing the rally offers a poor risk-reward ratio. Patience is advised until the price pulls back to the dense moving average zone and resonates with the previous breakout platform for support, with a risk-reward ratio over 4:1. This setup is worth trying.

Check real-time market 👇 $NOM
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