3.29 Sunday $NOM Midday Thoughts:
Today saw a significant surge in volume, with the daily increase exceeding 47%. The price peaked at 0.00333 and has currently slightly retraced to 0.00268, but still remains above MA(7) and MA(99), showing a strong recovery structure in the moving average system.
The 4-hour level has consistently increased in volume, with trading volume significantly expanding to 7.348 billion, indicating clear capital inflow characteristics. Currently in a consolidation phase after the rise, if it can effectively stabilize above 0.00260, there is still a short-term expectation for another attempt to break the previous high.
Operational Suggestions
Entry Range: 0.00255 – 0.00270
Target Positions: 0.00290 - 0.00310 - 0.00335
Stop Loss Price: 0.00240
The current price is fluctuating around 0.00268, and the trading volume has contracted compared to the explosive phase. If it can find support in the 0.00255–0.00260 range, it can be gradually accumulated;
If it can regain volume and stabilize above 0.00285, it is likely to test the previous high of 0.00333.
Please note, if it effectively breaks below 0.00240, the short-term structure will weaken, and stop loss should be strictly enforced.
📌 Personal opinions are for reference only, trading involves risks, and investment
requires caution!
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