🔥 $NOM in a bullish correction right now, kinda consolidating but still leaning positive after that recent push.
On the volume side, the last few 1h candles are showing lighter action during these dips—like averaging around 25M compared to the massive 500M peaks earlier. That rally from 0.007689 up to 0.008404 had serious volume behind it, over 100M in spots, which screams real buyer interest rather than just noise.
Capital flows are mixed: contracts have been seeing net outflows (-536k USDT over 24h), and even more short-term like -254k in the last 4h, probably some profit-taking going on. But spot's flipping the script with inflows (+36.9k USDT 24h), which makes me think there's solid accumulation underneath.
Overall, I'm eyeing $NOM a cautious long here, maybe DCA in to play it safe.
For entries: I'd wait for that support zone around 0.007754-0.00780, looking for signs like a hammer candle or a higher low to confirm reversal. If it breaks above 0.008150 with volume spiking over 50M, that's another green light.
Set stops around 3.5% under your entry point, putting it roughly between 0.00755 and 0.00765.
For takes $NOM , I'm looking at 0.00835 to 0.0085, which matches up with some resistance and the old top.
