$NOM /USDT has printed a strong impulsive breakout after a prolonged downtrend, confirming a shift in market structure. The vertical move toward 0.00260 shows aggressive buying, but price is now extended and likely entering a short-term distribution or consolidation phase near highs.

Trade Idea:

Long on pullback to 0.00220–0.00230 zone or breakout above 0.00265 with confirmation

Stop Loss: 0.00205

Targets: 0.00290 – 0.00320

Chasing at current levels is risky due to overextension. A healthy pullback and hold above 0.00220 would provide a safer continuation entry, while losing this zone could trigger a deeper correction.

$NOM

NOM

0.00269

-15.40%