$NOM : 2.1x Volume Spike After -4.7% Dip — Bulls May Be Reloading
My bias remains bullish on the 1h. Price is still printing higher highs and higher lows, with daily structure aligned. I see the -4.7% drop as post-impulse digestion rather than a confirmed trend reversal.
The key demand zone is 0.00219–0.00209. If price sweeps this area and quickly reclaims it with a strong 15m–1h bullish engulfing candle or MSS, the setup could open the door for another upside expansion.
Trade plan:
Entry: 0.00219–0.00209 after sweep + reclaim
TP1: 0.00248
TP2: 0.00270
TP3: 0.00310
Invalidation: 1h close below 0.001640
The 2.1x volume spike combined with seller-dominant 1h flow and a small short-term OI decline looks more like profit-taking after the vertical move. Meanwhile, 24h OI remains strongly expanded, keeping the broader bullish impulse in focus.
Flow:
OI: $7.8M (+121.8% 24h)
Funding: +0.0027%
Taker: 0.95x
Weekly structure and BTC remain bearish, so this is a counter-trend bullish setup. No chase — I want the sweep, reclaim and confirmation first.
Not investment advice. Educational report only.
#NOM #CryptoTrading #Altcoins #BinanceSquare #Crypto $NOM
My bias remains bullish on the 1h. Price is still printing higher highs and higher lows, with daily structure aligned. I see the -4.7% drop as post-impulse digestion rather than a confirmed trend reversal.
The key demand zone is 0.00219–0.00209. If price sweeps this area and quickly reclaims it with a strong 15m–1h bullish engulfing candle or MSS, the setup could open the door for another upside expansion.
Trade plan:
Entry: 0.00219–0.00209 after sweep + reclaim
TP1: 0.00248
TP2: 0.00270
TP3: 0.00310
Invalidation: 1h close below 0.001640
The 2.1x volume spike combined with seller-dominant 1h flow and a small short-term OI decline looks more like profit-taking after the vertical move. Meanwhile, 24h OI remains strongly expanded, keeping the broader bullish impulse in focus.
Flow:
OI: $7.8M (+121.8% 24h)
Funding: +0.0027%
Taker: 0.95x
Weekly structure and BTC remain bearish, so this is a counter-trend bullish setup. No chase — I want the sweep, reclaim and confirmation first.
Not investment advice. Educational report only.
#NOM #CryptoTrading #Altcoins #BinanceSquare #Crypto $NOM