$NOT Long 🚀🚀🟢🟢
Idea (4H Chart)
▶️ Entry Zone: 0.01270 - 0.01310
🛑 Stop Loss: 0.01250
🎯 Take Profit 1: 0.01358 (24h High)
🎯 Take Profit 2: 0.01400
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Analysis:
* Price is currently below EMA(25) and EMA(99), but just below EMA(7), indicating a bearish trend with potential short-term reversal.
* Recent price action shows consolidation after a downtrend, potentially forming a base for a reversal.
* RSI(14) at 44.88383 is approaching oversold territory, suggesting potential for an upward move.
* MACD is slightly positive and showing signs of a potential bullish crossover.
* 24h gain of 1.25% with high volume (5.67B NOT) indicates increasing market interest.
NOT/USDT is showing signs of potential reversal after a period of downtrend. The current price level near the EMA(7) could serve as a good entry point for a long position if bullish momentum builds. However, traders should be cautious of the overall bearish trend and wait for confirmation of reversal.
Caution:
* Cryptocurrency markets are highly volatile.
* Use appropriate position sizing and risk management strategies.
* Monitor overall market conditions and NOT-specific news for potential impacts.
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