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$NOM Massive Pump Exhaustion Setup — High Probability Short Opportunity
Trade Setup:
Entry: 0.00610 – 0.00630
Stop Loss: 0.00650
Targets: 0.00590, 0.00570, 0.00550
Attention traders,
After an explosive move of nearly 100% in $NOM, price is now trading at a critical resistance zone near recent highs. The structure is clearly overextended, and momentum is starting to slow down, indicating potential exhaustion. This is typically where smart money begins to distribute positions, preparing for a pullback. I am not entering blindly and waiting for a clean rejection confirmation before execution.
Once rejection is confirmed, I will be looking to open a short position targeting a controlled correction after this strong rally. This setup offers a solid risk-to-reward opportunity if the market respects resistance.