$NOM — Recovery Bounce After a Deep Selloff, Bulls Trying to Build the Second Wave!
Long $NOM
• Entry: 0.00255 – 0.00262
• Stop Loss: 0.00242
Targets:
• TP1: 0.00282
• TP2: 0.00305
• TP3: 0.00326
• TP4: 0.00355
NOM is showing a strong rebound after a heavy 1D downtrend. The price has already printed a powerful impulsive move on the 4H, and now the 1H is cooling off into a healthy pullback near support. This is the kind of structure that often forms before a continuation leg, especially when buyers defend the retracement zone.
The broader 1D trend is still under pressure, but the recent bounce suggests bulls are starting to reclaim control. The key area to watch is the 0.00250 – 0.00255 support zone. As long as this floor holds, the bullish recovery thesis remains valid. A reclaim of 0.00270+ would strengthen momentum for the next push higher.
This setup stays valid while price holds above the stop zone. Watch closely for a volume expansion on the bounce for confirmation.
Trade $NOM here 👇🏻
