$NOM This dip is just a panic sell-off, not a trend reversal.
In the last 24 hours, it plummeted nearly 13%, crashing from 0.002949 to 0.00227, with trading volume skyrocketing to 12.7 billion coins—this indicates that panic sellers are dumping hard, but the funding rate is still +0.0050%, which means the bulls haven't completely capitulated, and the bears are hesitant to aggressively short. If you were a bear, seeing the funding rate still positive, would you think a golden opportunity has arrived? You'd actually be more worried about a bull rebound.
This level at 0.00227 is the intraday low; if it holds, the first target for a bounce is 0.0025; if it breaks down, we might see 0.0022 or even 0.0021 as potential bottom levels.
#NOM
In the last 24 hours, it plummeted nearly 13%, crashing from 0.002949 to 0.00227, with trading volume skyrocketing to 12.7 billion coins—this indicates that panic sellers are dumping hard, but the funding rate is still +0.0050%, which means the bulls haven't completely capitulated, and the bears are hesitant to aggressively short. If you were a bear, seeing the funding rate still positive, would you think a golden opportunity has arrived? You'd actually be more worried about a bull rebound.
This level at 0.00227 is the intraday low; if it holds, the first target for a bounce is 0.0025; if it breaks down, we might see 0.0022 or even 0.0021 as potential bottom levels.
#NOM