📊 NOM Technical Analysis & Setup
NOM is showing strong bullish momentum on the 1H and Daily structures, backed by a massive 2.5x volume surge. With rising swing lows and strong buying flow (OI at $5.8M, +5.2%), the trend points upward despite a bearish weekly overhead.
• Key Support / Demand: 0.002496 (reclaimed intraday level) and the 0.002496, 0.002582 demand zone. Major structural support sits at 0.002281.
• Resistance / Supply Targets: First profit target is 0.002615. Extended targets lie at 0.002654 and major liquidity at 0.003266.
• Trigger / Confirmation: Wait for a pull-back into the 0.002496, 0.002582 demand block. Entry is confirmed only after a bullish engulfing candle or a structure shift on the 5m-15m charts.
• Risk / Invalidation: Any 1H candle close below 0.002281 breaks the bullish market structure, invalidating the setup.
• Market Execution: Strong spot and derivative flow with 1.09x taker buy ratio. High volatility expected as price tests local supply zones with standard market depth.
DYOR, Educational setup, not financial advice.
#BinanceSquare #Trading #NOM #Crypto
$NOT
NOM is showing strong bullish momentum on the 1H and Daily structures, backed by a massive 2.5x volume surge. With rising swing lows and strong buying flow (OI at $5.8M, +5.2%), the trend points upward despite a bearish weekly overhead.
• Key Support / Demand: 0.002496 (reclaimed intraday level) and the 0.002496, 0.002582 demand zone. Major structural support sits at 0.002281.
• Resistance / Supply Targets: First profit target is 0.002615. Extended targets lie at 0.002654 and major liquidity at 0.003266.
• Trigger / Confirmation: Wait for a pull-back into the 0.002496, 0.002582 demand block. Entry is confirmed only after a bullish engulfing candle or a structure shift on the 5m-15m charts.
• Risk / Invalidation: Any 1H candle close below 0.002281 breaks the bullish market structure, invalidating the setup.
• Market Execution: Strong spot and derivative flow with 1.09x taker buy ratio. High volatility expected as price tests local supply zones with standard market depth.
DYOR, Educational setup, not financial advice.
#BinanceSquare #Trading #NOM #Crypto
$NOT
