【$NOM Signal】Long! 1H strong breakout, negative fee rate short squeeze underway

$NOM The 1H timeframe just broke above the previous high of 0.0060 with increased volume, forming a strong bullish engulfing pattern with strong momentum. The 4H timeframe has already broken above the downtrend line and stabilized above EMA20, confirming a short-term trend reversal. The key point is: the negative fee rate is as high as -0.3841% with stable OI, which is a typical short squeeze fuel. The firm price indicates that the bears are being squeezed.

🎯Direction: Long (Long)

🎯Entry/Order: Current price 0.00600 - 0.00605, enter within this range (Reason: Breakout confirmation zone, 1H EMA20 dynamic support )

🛑Stop loss: 0.00585 (Reason: Break below the 1H breakout low and EMA50 support )

🚀Target 1: 0.00650 (Reason: Previous wave high and psychological resistance )

🚀Target 2: 0.00690 (Reason: 1.618 Fibonacci extension level, near the high on January 26 )

🛡️Trade management:

- Position size suggestion: Standard position (Reason: 4H/1H resonance breakout, clear signal )

- Execution strategy: After the price reaches 0.00650, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00600. If the price surges quickly, consider partial profit-taking around 0.00630.

Deep logic: The order book shows unusually thick buy depth (a buy wall of 1.92 million USDT at 0.00599), while sell orders are relatively sparse. This is a typical feature of main force defending the price. Although the 1H RSI is at a high of 73, it can be tolerated in a strong breakout scenario. The 4-hour volume continues to expand, with a healthy buy/sell ratio and obvious capital inflow. The rise in a negative fee rate environment is most explosive, and short covering will become the subsequent driving force.

View real-time market 👇 $NOM

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