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#NOTCOIN Bullish Trend ⁉️
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- Specifically focusing on the price levels of $0.0125 and $0.0112.
- I identified bullish and bearish divergences but leaned more towards a bullish breakout due to the overall bullish trend since the previous week.
- I set a price target of $0.015, but the price rallied up to $0.02, surpassing the initial target.
- Open interest and momentum have significantly increased, with over $100 million in positions opened and strong spot buying.
- To continue the bullish trend, the price needs to break above the 1.618 FIB level (around $0.02), which is a strong psychological resistance level.
- The main support level is the 38.2 FIB of the move down (around $0.017), which also coincides with a major bullish breakout level.
- I suggest waiting for a breakout above $0.0205 or below $0.017, followed by confirmation, to determine the next price movement.
- The most likely scenario, in my opinion, is a bullish breakout leading to a continuation up to $0.0225 and potentially $0.025.
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