$NOM formed a breakdown pattern after a volume decline, with high open interest accompanying the price drop, suggesting the presence of long liquidation or selling pressure from the main force.
🎯Direction: Short
🎯Entry: 0.0112 - 0.0115
🛑Stop Loss: 0.0120 (Rigid Stop Loss)
🚀Target 1: 0.0100
🚀Target 2: 0.0090
$NOM daily decline exceeded 17%, with trading volume increasing to 639 million, and the price drop under high open interest is a clear sign of weakness. Price action shows ongoing selling pressure, with no effective buying absorption observed, and LTF rebounds lack strength. If the price cannot quickly recover above 0.0115, the downward momentum will continue.
Trade here 👇$NOM
NOMUSDT
Perp
0.010234
-12.10%
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