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$NOM Current trend Bearish but I'd consider scalp Long on 1-hour timeframe
While medium-term trends remain bearish (price below MA120), short-term indicators show oversold conditions with MACD bullish divergence. The negative funding rate increases potential for rapid upside moves if shorts cover.
Capital Flow: Contract net inflows positive in 1H (+126K) and 4H (+162K) but negative in 24H (-365K), revealing conflicting short-term vs medium-term sentiment.
Spot markets show consistent 24H inflows +124K, suggesting accumulation at lower levels.
Entry long
$NOM : On retest of 0.0090-0.0091 support zone with 1H bullish confirmation candle
Stop Loss: 0.0087 (below recent swing low and Bollinger lower band)
Target Levels
$NOM Primary: 0.0095 (Upper Bollinger Band)
Secondary: 0.0098 (Resistance)
Support me just Click Trade here👇
Below 0.0087 invalidates the setup and would indicate continuation toward 0.0083 (lower support).
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