🚦 Market Sentiment: Bearish (Heavy Downside Pressure) 🔴

Headline: $NOM Struggling to Recover! 📉 Bears in Control.

Checking the 5m chart for $NOM—the price action remains weak after a sharp drop from $0.0037. Currently, it's struggling to break above the MA 7 and MA 25 resistance levels.

🎯 My Trade Setup:

Position: SHORT 🔴

Entry Zone: $0.00335 - $0.00340 (Sell on Rejection)

Take Profit 1: $0.00315 (Recent Swing Low)

Take Profit 2: $0.00300 (Psychological Support)

Stop Loss: $0.00355 (Above MA 99)

🔍 Quick Analysis:

$NOM is consistently creating lower highs and lower lows, a classic downtrend signal.

Volume is fading on the bounces, suggesting a lack of buying interest at these levels.

If $NOM fails to reclaim the $0.0034 level soon, we could see another leg down towards the $0.0030 area.

🛡️ Risk Note: Low-priced assets can move very fast. Keep your position size small and stick to the plan!

Are you waiting for a bounce or riding the trend down? 👇

#NOM #CryptoTrading #TechnicalAnalysis #Write2Earn #Bearish #Altcoins