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$NOM – Paraphrased Setup
The broader trend on
$NOM remains bearish, with price still trading below the MA120. However, a short-term scalp long is on the table on the 1H timeframe.
Despite the downtrend, momentum indicators suggest oversold conditions, with MACD showing bullish divergence. The negative funding rate adds fuel for a potential short-covering bounce.
Capital Flow Insight
Contracts: Net inflows on 1H (+126K) and 4H (+162K), but outflows on 24H (-365K), highlighting mixed short- vs medium-term sentiment
Spot market: Steady 24H inflows (+124K), pointing to accumulation at lower levels
Long Idea (
$NOM )
Entry: Retest of the 0.0090–0.0091 support zone with a 1H bullish confirmation candle
Stop Loss: 0.0087 (below the recent swing low and lower Bollinger Band)
Targets
TP1: 0.0095 (upper Bollinger Band)
TP2: 0.0098 (key resistance)
A break and hold below 0.0087 invalidates the setup and increases the odds of continuation toward 0.0083.
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