$NOM Dumps Hard — Is a Rebound Coming? 📉
$NOM has plunged 18.90%, now trading near 0.00532 after rejecting the 0.00792 high. The chart shows a strong bearish engulfing pattern with consecutive red candles, confirming heavy selling pressure and a short-term downtrend. Volume remains high, signaling real momentum behind the drop.
Traders should stay cautious and wait for a reversal signal before entering.
Trade Setup:
🔻 Entry: 0.00530 – 0.00540
🎯 TP: 0.00610 / 0.00650
⛔ SL: 0.00490
Watch for a bullish candle with volume for confirmation.