Lower high forming near resistance… setup leaning toward rejection.
$NOM /USDT – SHORT
Trade Plan
Entry: $0.00290 – $0.00315
SL: $0.00330
TP1: $0.00275
TP2: $0.00267 (local support)
TP3: $0.00245
Why This Setup?
4H Structure: Price struggling to break above $0.00320 and forming lower highs → early sign of bearish continuation. No strong breakout confirmation.
Price Positioning: Trading just below resistance zone → ideal area for short entries with tight invalidation.
MA Context: Price likely facing rejection near short-term MAs, with no clear bullish crossover strength → momentum still weak.
RSI Behavior: RSI expected to stay below midline (50) → favors sellers unless strong reclaim happens.
Volume Insight: Lack of breakout volume near resistance → suggests buyers are not aggressive, possible distribution at highs.
Daily Context: Still looks like a weak bounce inside a broader range. Until $0.00320 breaks clean, upside remains limited.
As long as $0.00320 holds as resistance, downside targets toward $0.00267 and below remain in play.
Debate:
Is this a classic lower high before a drop toward $0.0025…
Or will buyers break $0.00320 and trigger a squeeze upward?
Trade $NOM here 👇
