Which one should we choose now:
$NOM or
$STX ? Share my opinion.
For
$NOM , the current price is 0.001570: RSI is 56. Thereโs no volume going up anymore, so it canโt push higher. Plan: short the rebound at 0.001590, stop loss at 0.001632, and target 0.001550. The funding rate is +0.0050%, and long/short are still fairly balancedโnot extreme. Trading volume is 0.7M, and the volume strength is clearly bigger than the past two days.
For
$STX , the current price is 0.2393: This weekโs MACD has already moved above the 0-axis. On a pullback to 0.2373, take a long position, stop loss at 0.2323, and target 0.2415. RSI is 49 and a bit hot, so you can only follow with a small position.
The conclusions are different: For
$STX Iโm leaning bullish. For the other one, Iโd rather wait and observeโdonโt force trades.
Thatโs the whole thought processโno beating around the bush. If you really want to trade, remember these eight words: enter in batches, set a stop loss, donโt go all-inโthereโs always another chance.
With turnover of 0.7M, this volume can support a move.
At this level, the โbottom-pickingโ value is quite low. Iโd rather wait for the rebound to 0.001590 and then short.
To sum up: Iโve already written the direction above. The rest is execution. Donโt fill your position all at onceโset your stop loss properly. Only what you earn is really yours.
If you understand, hit like.
#NOM #STX
$NOM $STX $PEPE