$NOM just saw long liquidations around 0.00348 which reset the market. When leveraged positions get wiped, price often forms a base before moving higher.
EP 0.00335
TP1 0.00375
TP2 0.00420
TP3 0.00480
SL 0.00295
The liquidation sweep pushed $NOM into a reaction zone. If buyers defend this level, the bounce can develop quickly.
Momentum traders are keeping an eye on $NOM for the next move.