【$NOM Signal】Short squeeze retracement, buying pressure exposes bottom support intentions

$NOM 1H level surges then consolidates sideways, 4H Bollinger Bands fully open, price breaks above upper band. Open interest remains stable, but funding rate is deeply negative at -0.6357%, indicating high costs for shorts. There is a thick order wall at the 0.00299 to 0.00300 level below, with an order book imbalance of 11.96%, clearly showing a market defense by longs. The 1H MACD momentum bars are contracting, RSI at 71.77, indicating short-term overheating but not exhausted.

🎯Direction: Pullback to go long

⚡Entry/Order: Accumulate in the 0.00252 - 0.00258 range

🛑Stop Loss: 0.00230

🚀Target 1: 0.00373

🚀Target 2: 0.00430

🛡️Trade Management:
- Execution Strategy: Half position at Target 1, remaining position with stop loss moved up to entry price. If the price cannot hold above 0.00290, consider exiting early.

In a negative funding rate environment, open interest has not decreased, which is typical fuel for a short squeeze. Retracing near the 0.0026 level of the 1-hour EMA20 is an ideal sniper zone, resonating with the MACD golden cross expansion on the 4-hour timeframe. The order book shows selling pressure concentrated above 0.00301, with the bid depth below being 1.27 times thicker than the ask side, providing a buffer for the pullback. The current risk-reward ratio exceeds 4, making the odds favorable.

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