📢 $NOM / USDT | 🔴 SHORT | ⭐ 72%
🎯 Target: $0.00173891. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.001767
🛑 Stop Loss: $0.00178261
🏁 TP1: $0.00173891
🏁 TP2: $0.0017233
🏁 TP3: $0.00170457
📈 Analysis:
The market structure shows a firmly established downtrend across multiple timeframes, confirmed by a pattern of lower highs and support breaks. Trading volume has increased by 72.5% compared to its average, suggesting increased seller activity in the market. With the MACD indicator showing bearish signals and the RSI at neutral levels, selling pressure remains in control of the current direction.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A pattern of lower highs indicates that each new price peak is lower than the previous one, which is usually a sign of weakness in the uptrend.
#crypto #NOM #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.
🎯 Target: $0.00173891. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.001767
🛑 Stop Loss: $0.00178261
🏁 TP1: $0.00173891
🏁 TP2: $0.0017233
🏁 TP3: $0.00170457
📈 Analysis:
The market structure shows a firmly established downtrend across multiple timeframes, confirmed by a pattern of lower highs and support breaks. Trading volume has increased by 72.5% compared to its average, suggesting increased seller activity in the market. With the MACD indicator showing bearish signals and the RSI at neutral levels, selling pressure remains in control of the current direction.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A pattern of lower highs indicates that each new price peak is lower than the previous one, which is usually a sign of weakness in the uptrend.
#crypto #NOM #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.