【$NOM Signal】Pullback to add long, opportunity for short squeeze after smashing the funding rate

$NOM 1H level rebounds after a rally, current price at 0.0063 testing short-term moving average support. 4-hour MACD shows a golden cross with healthy momentum, but 1-hour MACD fast and slow lines are converging, short-term needs a direction decision.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.00582 - 0.00597 zone for staggered entries

🛑Stop Loss: 0.0050

🚀Target 1: 0.00985

🚀Target 2: 0.01179

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.0061 and drops below 0.00597 again, consider exiting early.

Funding rate has dropped to -0.0247%, significantly increasing short position costs, fueling a potential short squeeze. Open interest remains stable, price has pulled back from highs but without panic selling, indicating continued support from funds. 1-hour RSI has fallen from overbought territory to around 60, leaving room for another rally. Buy orders below are densely clustered around 0.00629 to 0.00630, forming a clear defensive line. Risk-reward ratio exceeds 4, making this setup quite favorable.

Check real-time market 👇 $NOM
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‍#四月行情预测 #加密市场普遍上涨 #金银同步走强