$NOM — Failed Retest of 0.003015 Trendline Supply, Pullback Likely 📉
Trade Plan: Short $NOM
Entry: 0.00295 - 0.00305
SL: 0.003192
TP: 0.002730 | 0.002463 | 0.002221
Why this Setup?
NOM pushed into the 0.003015 supply zone after riding the rising trendline, but failed to reclaim the upper resistance and is now showing rejection from the purple supply block. A breakdown of the nearby 0.00290 support could accelerate the move toward 0.002730, 0.002463 and eventually 0.002221. As long as 0.003192 holds, the bearish setup remains valid.
Trade $NOM here 👇
Trade Plan: Short $NOM
Entry: 0.00295 - 0.00305
SL: 0.003192
TP: 0.002730 | 0.002463 | 0.002221
Why this Setup?
NOM pushed into the 0.003015 supply zone after riding the rising trendline, but failed to reclaim the upper resistance and is now showing rejection from the purple supply block. A breakdown of the nearby 0.00290 support could accelerate the move toward 0.002730, 0.002463 and eventually 0.002221. As long as 0.003192 holds, the bearish setup remains valid.
Trade $NOM here 👇
