$NOM /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
$NOM/USDT has delivered an explosive impulsive move, breaking out of its prior consolidation range with strong volume expansion. Price action shows clear higher highs and higher lows, signaling trend dominance by buyers. After tapping a key resistance zone, the structure suggests a healthy pullback or consolidation before the next leg up. As long as price holds above the breakout support, the bullish bias remains intact.
Trade Plan – LONG SETUP
Entry Zone: Break-and-hold above the recent consolidation / pullback support
Target 1: Previous intraday high zone
Target 2: Range extension based on the last impulse
Target 3: Psychological resistance and measured move projection
Stop Loss: Below the breakout base / invalidation of higher-low structure
Market Outlook:
Momentum remains strong with volatility expansion, favoring trend continuation rather than immediate reversal. A controlled retracement with declining selling pressure would further confirm bullish continuation.
Risk Management:
Risk only a small percentage per trade, wait for confirmation before entry, and trail stop loss as targets are achieved to protect gains.
#TechnicalAnalysis #CryptoTrading #BullishTrend #PriceAction #RiskManagement $NOM
