Someone asked me what I think about NOM, and I said—
Preserving capital comes first. My judgment: if NOM stabilizes above 0.001750, any pullback is an opportunity.
NOM is currently at 0.001760, up 11.4% in 24h, RSI 47.9. I’m not chasing here—the levels are drawn very clearly: 0.002000 is resistance, and if it can’t break through, I’ll trim; 0.001750 is support, and only if it pulls back on lower volume and stabilizes will I try a small position, with a stop loss set slightly below 0.001750.
Position sizing matters more than direction. For the same trade, being all-in versus using just 20% of your capital makes a world of difference in both mindset and results.
That’s my view; whether it’s right or wrong, the market will decide. Take it as reference, and don’t blindly follow.
I’m betting on probability, not luck.
#NOM #Binance Square
Preserving capital comes first. My judgment: if NOM stabilizes above 0.001750, any pullback is an opportunity.
NOM is currently at 0.001760, up 11.4% in 24h, RSI 47.9. I’m not chasing here—the levels are drawn very clearly: 0.002000 is resistance, and if it can’t break through, I’ll trim; 0.001750 is support, and only if it pulls back on lower volume and stabilizes will I try a small position, with a stop loss set slightly below 0.001750.
Position sizing matters more than direction. For the same trade, being all-in versus using just 20% of your capital makes a world of difference in both mindset and results.
That’s my view; whether it’s right or wrong, the market will decide. Take it as reference, and don’t blindly follow.
I’m betting on probability, not luck.
#NOM #Binance Square
