🚨 Wait… what happened here? $NOM just went from a powerful breakout to a sharp rejection and the 4H chart is starting to look very different.
NOMUSDT pushed aggressively higher, but the move failed to hold the upper levels. After reaching the 0.0028 area, price was rejected and sellers stepped back in with consecutive bearish candles.
Now the important part is the 0.002215 zone. Price is currently trading around 0.00200, below that level. If NOM continues to stay underneath 0.002215 and the level turns into resistance, the bearish structure could remain in control.
📉 Short Setup Plan:
Entry: 0.002215
Stop Loss: 0.002461
TP1: 0.001900
TP2: 0.001800
TP3: 0.001654
The setup offers roughly 1:2.28 risk/reward based on the chart levels. What makes this interesting is the contrast between the earlier explosive upside move and the current rejection. When a strong pump loses momentum this quickly, the next reaction around the previous support/resistance zone becomes critical.
The key level to watch is simple: 0.002215. A clean reclaim could invalidate the bearish idea, while continued rejection below it keeps the short setup active.
#nomusdt #nom
NOMUSDT pushed aggressively higher, but the move failed to hold the upper levels. After reaching the 0.0028 area, price was rejected and sellers stepped back in with consecutive bearish candles.
Now the important part is the 0.002215 zone. Price is currently trading around 0.00200, below that level. If NOM continues to stay underneath 0.002215 and the level turns into resistance, the bearish structure could remain in control.
📉 Short Setup Plan:
Entry: 0.002215
Stop Loss: 0.002461
TP1: 0.001900
TP2: 0.001800
TP3: 0.001654
The setup offers roughly 1:2.28 risk/reward based on the chart levels. What makes this interesting is the contrast between the earlier explosive upside move and the current rejection. When a strong pump loses momentum this quickly, the next reaction around the previous support/resistance zone becomes critical.
The key level to watch is simple: 0.002215. A clean reclaim could invalidate the bearish idea, while continued rejection below it keeps the short setup active.
#nomusdt #nom
