$NOM /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
CNOM/USDT has shown strong bullish momentum after an aggressive expansion in price, confirming buyer dominance. The structure reflects a classic impulse move followed by healthy consolidation, indicating strength rather than exhaustion.
Price is holding above key short-term support zones and trading firmly above the major moving averages, suggesting the trend remains intact. Volume expansion during the breakout validates the move, while current consolidation hints at a potential continuation leg to the upside. As long as the structure holds, bulls are in control.
Trade Plan (Long Setup):
Entry Zone: Near the support pullback area
Targets:
TP1: Previous intraday resistance
TP2: Upper Bollinger expansion zone
TP3: Psychological resistance zone above
Stop Loss: Below the recent swing low / breakdown of support
Market Bias: Bullish continuation unless support fails decisively.
Risk Management:
Risk only a small portion of capital per trade, trail stop loss after TP1 is hit, and avoid overleveraging in high-volatility conditions.
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