$NOM looks weak here and a clean breakdown could send it much lower...🚀🔥

Entry Range: 0.00332 – 0.00336

Stop Loss: 0.00355

Targets:

TP1: 0.00320

TP2: 0.00305

TP3: 0.00297

After a strong bullish push, price is now showing clear exhaustion near the top. We are seeing rejection wicks and weak consolidation right below resistance, which is a classic sign of distribution. Buyers are losing momentum and unable to push higher.

This kind of structure usually leads to a breakdown move. A minor bounce or fake push up into the entry zone can provide a perfect short opportunity. The downside liquidity is clearly sitting below, and once price starts slipping, it can accelerate quickly.

Patience is key here, don’t chase the move. Let price come into the entry zone and confirm weakness before entering.

Invalidation: If price breaks and holds above 0.00355, this bearish setup is no longer valid and structure shifts back to bullish momentum.