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๐จ $NOM /USDT โ Sharp Pullback After Distribution Phase
๐ Momentum Analysis
NOM has seen a steep correction (-20.79%) after failing to hold above the mid-range supply zone. Heavy volume (2.45B NOM / $33.18M USDT) confirms panic selling + late long liquidation. Price is now hovering just above historical demand, where a reaction is expected.
Market structure remains bearish short-term, but volatility suggests scalp and rebound opportunities near key supports.
๐ฏ Long Setup (High Risk โ Counter-Trend)
Entry Zone: 0.00980 โ 0.01060
Target 1: 0.01160
Target 2: 0.01460
Target 3: 0.01750
Stop Loss: 0.00840
๐ Only valid if price shows strong reaction & volume absorption near support.
๐ Breakout Confirmation Level
Confirmed Bullish Shift Above: 0.01460
Acceptance above this level flips structure back to bullish continuation
๐ก๏ธ Key Support Zones
Immediate Support: 0.01060 โ 0.00980
Major Demand: 0.00855
Extreme Panic Support: 0.00621 โ 0.00552
Loss of 0.00855 opens room for deeper retracement.
๐ง Pro Tip for Traders
After large red candles with extreme volume, avoid chasing. Let price base and compress before entering. Best R:R comes from patience near demand, not emotional rebounds.
๐ Quick Trading Snapshot
Price: 0.01082 USDT
24H Change: -20.79%
24H High / Low: 0.01750 / 0.01061
Volume: 2.45B NOM | $33.18M USDT
Trend: Short-term bearish, volatility expanding
Exchange: BINANCE
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