$NOM just printed a sharp rejection from the 0.0126 area and followed it with a series of lower highs and strong bearish candles. The recent bounce attempts are weak and volume is expanding on red candles, which usually confirms distribution, not accumulation. On the 1H structure, price has clearly lost the previous support zone around 0.0115 and is now hovering just above the intraday low near 0.01087. This is a critical level.

If 0.0108 fails with a clean close, the chart opens space for a deeper move down. No confirmed reversal pattern yet. Momentum still favors sellers.

Trade Setup (Short-biased unless structure flips)

• Entry Zone: 0.01110 – 0.01140 (pullback into resistance)

• Target 1: 0.01020

• Target 2: 0.00960

• Target 3: 0.00880

• Stop Loss: 0.01190 (above last lower high)

Invalidation / Bullish scenario

If NOM reclaims and holds above 0.0120 on strong volume, the bearish thesis weakens. That would indicate a fake breakdown and potential relief move toward 0.0132–0.0140. Until then, rallies look like sell-the-bounce zones.

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NOM

0.01059

-10.55%