$NOM Futures Short Signal
Entry Zone: 0.00875 – 0.00890
Take-Profit 1: 0.00845
Take-Profit 2: 0.00805
Take-Profit 3: 0.00760
Stop-Loss: 0.00915
Leverage (Suggested): 3–5x
Rationale:
#NOM has printed a sharp impulsive move from the 0.0071 demand base into the 0.0089–0.0090 supply zone, followed by clear hesitation and small-bodied candles, signaling momentum exhaustion. The current structure shows a loss of bullish follow-through after the spike, which typically precedes a corrective pullback rather than immediate continuation.
Price is consolidating just below the local high, with declining volume and repeated rejection wicks near 0.0089, indicating sellers absorbing liquidity at resistance. This favors a mean-reversion move back toward prior demand and imbalance zones.
Risk-Management Note:
A clean breakout and sustained hold above 0.00915 would invalidate the short thesis and indicate continuation toward higher liquidity levels.
