$NOM /USDT: Is the Range Bottom Holding?
Nomina ($NOM) is currently reaching a critical "make-or-break" juncture. After a sustained pullback, price action is stabilizing right at a major historical support zone. Buyers are stepping in to defend the 0.0066 – 0.0067 area—setting the stage for a potential short-term relief rally.
🔍 Technical Breakdown:
Support Defense: The price is carving out a floor near the lower boundary of its recent range.
Bullish Divergence: Indicators are showing early signs of exhaustion from sellers, suggesting that the "sell-off" momentum is fading.
The Trigger: A clean 1-hour candle close above 0.0069 would be the confirmation needed to target the upper range resistance.
⚡ The Long Setup:
📥 Entry Zone: 0.00665 – 0.00680
🎯 Target 1: 0.00695 (First hurdle/scalp exit)
🎯 Target 2: 0.00715 (Mid-range liquidity)
🚀 Target 3: 0.00745 (Upper range boundary)
🛑 Stop-Loss: 0.0189 (Below 0.00645)
🛡️ Strategy & Risk Management:
Our bias remains neutral to cautiously bullish as long as we hold above the 0.0066 level. If this support fails, expect the range to extend further downward.
Pro Tip: Don't wait for one big moonshot. Book profits step-by-step at each target and move your Stop-Loss to entry to ensure a "risk-free" trade.
What do you think? Will $NOM hold this floor or are we going deeper?
Let me know your thoughts in the comments! 👇
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