$NOM at $0.002684 after a 53.37% day: is this breakout real, or the exit liquidity setup?
$25.03M volume is the tell. 8x the 20-day average, while 4h RSI sits at 87. That is violent momentum, but also a crowded chart. 🔥
Price is above the 20d and 50d MAs, only 5% below its 30d high. Funding is 0.005%, so longs are already paying to stay in. $XRP isn't the right comparison here. $NOM is moving on its own.
I would not chase $0.0027. I want to see whether that level holds on a retest. 👀
Would you enter $NOM here or wait for a retest?
#NOM #Trading #Web3
$25.03M volume is the tell. 8x the 20-day average, while 4h RSI sits at 87. That is violent momentum, but also a crowded chart. 🔥
Price is above the 20d and 50d MAs, only 5% below its 30d high. Funding is 0.005%, so longs are already paying to stay in. $XRP isn't the right comparison here. $NOM is moving on its own.
I would not chase $0.0027. I want to see whether that level holds on a retest. 👀
Would you enter $NOM here or wait for a retest?
#NOM #Trading #Web3