🚀 NOM/USDT Technical Analysis: Parabolic Breakout & Trend Reversal
$Market Overview:
The NOM/USDT pair has just witnessed a massive volatility expansion, printing a +95% gain in a single daily candle. This move signifies a decisive shift from a long-term Accumulation Phase into a violently bullish Markup Phase. The market structure has completely flipped, invalidating previous bearish trends.
Key Technical Observations:
1. Massive Breakout & Volume Surge:
The price has violently breached the psychological resistance and the dynamic resistance of the MA(99) at 0.01151. The sheer size of the green candle, accompanied by a massive spike in buy volume (1.4B+), confirms that this is not a fake-out but a genuine institutional move.
2. Moving Average Crossover:
We are witnessing a "Golden Cross" scenario in the making. The price is now trading significantly above the MA(7), MA(25), and MA(99). The MA(7) is curving sharply upwards, indicating extreme short-term bullish momentum.
3. Pattern Recognition (Accumulation to Impulse):
The chart displays a classic "Double Bottom" or "W-Pattern" formation around the 0.00654 lows. This was the bottoming-out phase where smart money accumulated positions. The current move is the "Impulse Wave" resulting from that accumulation.
4. Higher Highs (HH) Structure:
By breaking the previous swing highs and the 0.01550 level, the market has confirmed a Higher High (HH) structure. The path of least resistance is now upwards, provided the bulls can defend the breakout zone.
📊 TRADE SETUP (Signal Call)
⚠️ Warning: The price is currently overextended (parabolic). Entering at the exact top (0.0150+) is risky due to potential profit-taking. A Retest Strategy is recommended.
Direction: 🟢 LONG (Bullish)
Strategy: Pullback / Retest Entry
🎯 Entry Zone (Buy Limit):
Ideal Entry: 0.0115 - 0.0125 (Revisiting the MA(99) Breakout level).
Aggressive Entry: 0.0135 (If momentum sustains without deep correction).
💰 Take Profit Targets (TP):
TP 1: 0.0155 (Re-testing current Daily High / Liquidity sweep).
TP 2: 0.0180 (Psychological extension).
TP 3: 0.0200 (Major psychological barrier & Fibonacci extension).
🛑 Stop Loss (SL):
SL: 0.0095 (Below the recent consolidation/breakout structure).
Invalidation: A daily candle close back below the MA(99) would invalidate the bullish thesis.
Summary:
NOM is showing textbook Bullish Momentum. The market has cleared major hurdles. Traders should look for consolidations on lower timeframes (1H/4H) to catch the next leg up, rather than FOMO-ing into the green candle tip.
