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$NOM 📉 How low can the NOM retrace before bouncing back?
🔹 Zone 1 — technical rebound (highest probability)
➡️ 0.0158 – 0.0155
• This is:
• old peak zone that was broken
• near EMA5–EMA10 4H
• Usually, the market makers will push the price up here to:
• maintain the “coin still strong” image
• trap early buyers
👉 If it reaches this zone with a wick / decreasing volume → it may bounce back to 0.0168 – 0.0172
⸻
🔹 Zone 2 — safe rebound (more secure)
➡️ 0.0148 – 0.0145
• This is:
• EMA30 zone
• a very familiar pullback zone after a vertical candle
• If it falls here:
• bounce probability is clearer
• but many will experience strong volatility
👉 Rebound from here usually only reaches 0.0160 – 0.0165, difficult to break previous high immediately
⸻
🔻 Zone 3 — deep correction / true sell-off
➡️ 0.0135 – 0.0132
• If it quickly breaks 0.0145, volume increases
→ high probability that the market makers will start withdrawing funds
• Any rebound here is likely just a bull trap
⸻
🧭 Quick summary for easy recall
• ✅ Light rebound: 0.0158 – 0.0155
• ✅ Good rebound: 0.0148 – 0.0145
• ❌ Dangerous: breaking 0.0145 → beware of further sell-off
⸻
⚠️ Important note
• Don’t expect to immediately rebound to the old high 0.0177
• The rebound in this phase mainly serves to:
• let trapped traders exit / allow new traders to enter and then sell off again