$NOM /USDT Technical Analysis: After a Volume Reduction Pullback, Is the Second Wave of Rise Coming?
Observe $NOM
's 1H chart, we can see a typical "sharp rise and slow fall" structure. This is usually a signal of a washout:
Strong rebound: The 24-hour increase is as high as 34.12%.
Volume consolidation: The current price is consolidating around 0.0035, with MA(99) far below providing long-term support.
Sentiment Indicator: The buying and selling power (Long vs Short) is currently relatively balanced, and bullish sentiment is starting to accumulate again.
Trading Suggestions:
Aggressive: Build positions in batches at the current price, with a stop loss set at 0.0032.
Conservative: Wait to stabilize above 0.0036 before following up to capture the second wave explosion.
⚠️ The cryptocurrency market is highly volatile, so be sure to strictly manage your positions!