$NOM
I’ve got my eyes on NOM today. It just exploded 27.3% in the last two hours, pushing up to $0.00247 right after hitting an all-time low yesterday. But is this a true bottom, or a trap?
Here is what the data shows:
🟢 Why I’m Watching: The Momentum Shift
Technical Breakout: We just saw a clean MACD bullish crossover paired with a massive spike in trading volume.
Bottom Bouncing: Buying pressure stepped in heavily right after NOM printed its all-time low on March 27th, catching a lot of shorts off guard.
🔴 What Worries Me: The Korean Exchange Rumor
Delisting Fears: There is heavy community chatter about a potential delisting from a major Korean exchange. If true, this will severely damage liquidity and investor confidence.
Dangerously Overbought: The short-term RSI is sitting at a scorching 95.7. Combined with the price breaking well outside the upper Bollinger Bands, a violent correction is highly likely as buyers get exhausted.
🎯 My Plan
I am not chasing an RSI of 95 into a potential exchange delisting rumor. This looks like a dangerous mix of extreme technical volatility and fundamental risk. I am staying on the sidelines to see if NOM can survive the rumors and establish a real support floor before even considering an entry.