🚨 NOT/USDT Analysis: Key Insights & Trading Strategy 🚨

The latest NOT/USDT chart shows intriguing movements! Here’s what you need to know to stay ahead in your trading game.

Summary:

Price is showing a slight recovery but faces tough resistance ahead. Key support levels will determine the next moves.

Key Points:

📈 Current Price Action:

🚫 Trading below Weekly Volume Area High (wVAH) at $0.015750.

📊 Currently at $0.014457, showing a bit of upward movement.

🔍 Volume Profile Insights:

🔴 wVAH: $0.015750 – Immediate resistance.

🔴 mVAH: $0.020688 – Major resistance zone.

🟢 mVAL: $0.013063 – Key support level.

🟦 High Volume Area: $0.011500 - $0.014457 – Crucial trading range.

📉 Support & Resistance:

🛑 Resistance: $0.015750 (wVAH), $0.020688 (mVAH).

✅ Support: $0.013063 (mVAL), $0.011283 (lower support level).

📊 RSI Analysis:

📉 Current RSI at 40.69 – Nearing oversold territory.

🔎 Watch for RSI dropping below 40 for potential buying signals.

💡 Trading Strategy:

🐻 Short-term Bearish: Consider short positions if price can't break above $0.015750.

🔄 Potential Reversal: Accumulate if RSI falls below 40 and price hits key support at $0.013063.

📈 Long-term Strategy: Look for consolidation above $0.015750 for potential long positions.

⚡️ Action Steps:

👀 Monitor volume spikes for move confirmations.

🚨 Set stop-loss orders around $0.011283 to manage risk.

📅 Keep an eye on RSI for oversold conditions and potential reversals.

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