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NOM is forming a descending wedge, and the daily breakout signal has already been confirmed ✅
From a technical perspective, this breakout is very critical. Once this pattern is completed, we may see a strong upward trend. Based on the current technical strength, NOM is expected to reach a key level around $0.02500 during this rally.
Such wedge breakouts often contain energy releases—the selling pressure accumulated during the entire bottoming process gradually dissipates, and buying pressure gradually takes over. If the price remains above the breakout point, the subsequent upward potential is worth期待. Of course, the market always has uncertainties, so it is recommended to manage risks carefully before trading.