NOM is perched on a fragile pivot as the broader crypto rally loses steam. The token is staring down a resistance that could trigger a sharp move.
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$NOM SHORT ๐ โ Trade Plan
โข Entry: $0.002610 โ $0.002616
โข Stop: $0.002691 (-3.0%)
โข Target 1: $0.002574 (+1.5%)
โข Target 2: $0.002482 (+5.0%)
โข R/R 1:1.7 | Confidence 64%
The chart flashed a clear change of character as price broke the prior swing low, and the CVD turned negative confirming selling pressure. A fair value gap sits right under the break while an order block crowns it, creating a POI where the OB and FVG overlap. The structure now reads lower highs and a tightening range, priming a short swing.
A 3โฏ% stop is relatively tight on this swing, so a modest 2โ3x leverage keeps risk in check.
Lock in half the position once price reaches the first profit target around the 1.7โฏR level.
DYOR โ this isn't financial advice, size your risk accordingly ๐
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