NOM has issued an alert for a continuation of the uptrend. In the past 24h: +16.6%; in the 1h: +7.8%; in the 5m: still at +2.8% with the push; volume ratio is 4.0x—short-term capital is indeed moving.

But don’t rush into going all-in. The current price is 0.002494; the 24h high is 0.002635, with 5.65% room remaining below the high. The 24h low at 0.002081 has already rebounded by 16.56%. The moving averages MA7/MA25/MA99 are in a bullish alignment and the structure is relatively strong. However, the RSI is at 82, which has entered the overbought zone—chasing longs here is like catching a falling knife.

The number of contract-side open positions only increased by 3.7%, and the funding rate is 0.0050% with long/short equilibrium—indicating it isn’t one-sided狂热. But in the group, Big Boss Ma mentioned that in the 1h window the position added 4.35% to $5.736 million, the active buy/sell ratio was only 0.921, and volume was just 0.7x. This looks more like short covering driving the move, not fresh money actively chasing higher. On the social side X, no KOLs have spoken; in the discussion section, opinions are sharply divided. The retail long/short ratio is 9.6x, but it has cooled recently, and FOMO sentiment is fading.

In terms of execution, don’t chase the current price. If you want to go long, wait for a pullback around 0.002451 (near MA7) and confirm before entering. Place the stop loss below 0.002312. The upside target is the 0.002527 resistance level; if it breaks, then look at 0.002635. If you want to short: around 0.002527, if there’s a volume-following stagnation (volume that stalls) you can try a small position. Stop loss above 0.00265, target 0.00245. The key point in one sentence: at the RSI level of 82, the cost-performance for chasing longs is extremely low.

Risk warning: the volume ratio is 4x, but the active buy orders are weak. Once the fill/covering cycle ends, it can drop quickly—keep your position sizing under control.

Quick data overview: Current price 0.002494 | 24h +16.60% | Volume ratio 4.0 | RSI 82 | Fee 0.0050%

— 14:03 Market note