The $NOT
/USDT chart is showcasing a classic wedge pattern formation, a technical setup often signaling an impending breakout.
💫Traders should keep a close watch as this pattern tightens, indicating a potential surge in volatility. If the price breaks above the resistance line, it could trigger a bullish rally, offering excellent long opportunities.
⚡Conversely, a break below the support may signal a bearish move, providing shorting potential. To capitalize on this setup, traders should wait for confirmation of the breakout direction, set clear stop-loss levels, and manage risk effectively to maximize profits.
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