$NOM /USDT – Pressure Building at the Edge
The chart is bleeding, but not collapsing. What you’re seeing is controlled selling — a staircase down, not a free fall. That matters.
Price tapped 0.00258 and immediately reacted. Now it’s stabilizing around 0.00262, printing small-bodied candles. This is where momentum either resets… or breaks completely.
Volume remains active, and the selloff is slowing. That’s the first signal that sellers are losing dominance. If buyers step in here, the bounce can be sharp.
Trade Setup
• Entry Zone: 0.00258 – 0.00263
• Target 1: 0.00272
• Target 2: 0.00280
• Target 3: 0.00288
• Stop Loss: 0.00254
A clean reclaim of 0.00270 flips short-term structure bullish. Until then, this is a recovery attempt inside a downtrend.
Lose 0.00258, and it opens the door to another leg lower. Hold it, and this becomes a classic reversal base.
#FedRatesUnchanged #BinanceLaunchesGoldvs.BTCTradingCompetition
The chart is bleeding, but not collapsing. What you’re seeing is controlled selling — a staircase down, not a free fall. That matters.
Price tapped 0.00258 and immediately reacted. Now it’s stabilizing around 0.00262, printing small-bodied candles. This is where momentum either resets… or breaks completely.
Volume remains active, and the selloff is slowing. That’s the first signal that sellers are losing dominance. If buyers step in here, the bounce can be sharp.
Trade Setup
• Entry Zone: 0.00258 – 0.00263
• Target 1: 0.00272
• Target 2: 0.00280
• Target 3: 0.00288
• Stop Loss: 0.00254
A clean reclaim of 0.00270 flips short-term structure bullish. Until then, this is a recovery attempt inside a downtrend.
Lose 0.00258, and it opens the door to another leg lower. Hold it, and this becomes a classic reversal base.
#FedRatesUnchanged #BinanceLaunchesGoldvs.BTCTradingCompetition