🚨 Most traders are buying
$NOM here… this is where they get trapped.
🔴 SHORT
$NOM Entry: $0.00735 – $0.00745
SL: $0.00780
TP1: $0.00680 | TP2: $0.00620 | TP3: $0.00560
Price is extended far above the 20 EMA —
momentum is fading, not growing.
A clear shooting star + bearish engulfing at the top →
buyers exhausted, sellers stepping in.
That push up?
It wasn’t strength… it was a liquidity grab.
Now losing support —
this is where reversals usually start.
If this holds → sharp drop follows 📉
If reclaimed → setup invalid, exit fast ❌
📌 Plan:
Stay below = ride the drop
Break above = cut immediately
Most traders see green and buy…
smart traders see the trap.
Breakout — or trap? 👇
#nomaeffect #cryptotrading #ShortTraders #BinanceFutures #altcoins