$NOM surged 84% in a single day and is now undergoing narrow consolidation at a high level—this is a typical healthy cooling after a massive breakout, not a top distribution. The open interest has also surged, indicating that it is driven by institutional funds entering the market, rather than purely a short squeeze.
🎯 Direction: Go long
🎯 Entry: 0.0142 - 0.0148
🛑 Stop Loss: 0.0135 (rigid stop loss, breaking below this level invalidates the structure)
🚀 Target 1: 0.0175
🚀 Target 2: 0.0198
The massive bullish candle of $NOM has completely changed the market structure, and the current price is tightly consolidating above the breakout zone, with no signs of panic selling. The market shows that buying is absorbing all profit-taking selling pressure from LTFs, forming a high-intensity support platform. As long as the price remains above the midpoint of the massive candle, this strong consolidation is building energy for the next wave of increase.
Trade here 👇$NOM
NOMUSDT
Perp
0.011186
-35.12%
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