While the retail crowd is panic-selling the dip, smart money is using this correction to build a massive position. ($NOM) is currently hitting a major "buy the fear" zone.
$NOM – LONG 🚀
NOMUSDT
Безсрочно
0.005337
-28.72%
Trade Plan
Entry: 0.006200 – 0.006450
Stop Loss: 0.005850
TP1: 0.007100
TP2: 0.007800
TP3: 0.008500+
Why this setup?
Supertrend Support: Price is perfectly retesting the 1H Supertrend support at 0.005963. This level has held firm throughout the current uptrend.
RSI Reset: The RSI(6) has cooled off from overbought levels down to 40.73. This is a healthy reset that provides the fuel needed for the next leg up.
Volume Absorption: Despite the recent red candles, 24h volume remains high (50.52B NOM), suggesting that sellers are being absorbed by strong limit orders at these levels.
Is this a healthy retest before a new ATH, or is the trend starting to break? Drop your thoughts below! 👇
Watching this closely 👀
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Безсрочно
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币安人生USDT
Безсрочно
0.11514
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