Observations on $NOT 🔴
Recent Market Movements and Strategy
Unique Market Behavior
🔴 Correlation with Bitcoin
Last week, Notcoin followed Bitcoin's movements until yesterday when it dipped independently, falling below $0.018.
🔴 Avoiding FOMO
This scenario emphasizes the importance of not succumbing to FOMO (Fear of Missing Out). Setting realistic buy limit orders, 5-10% below the live price, can be a strategic move.
Current Buying Opportunity
🔴 Current Price
Notcoin is currently available at $0.0184, presenting a potential buying opportunity for those looking to invest in the token.
Strategy for Current Holders
🔴 Hold, Don't Sell at a Loss
Existing holders should refrain from selling at a loss. The recent dip can be viewed as a normal market correction. Despite anticipating a bullish trend post-token burn, the market has shown opposite movements.
Market Sentiment
🔴 Future Momentum
Market momentum is expected to switch sides eventually. The market has been challenging to predict lately, but a reversal could be on the horizon.
Token Burn and Market Impact
🔴 Token Burn Observations
According to the Notcoin Telegram page, some tokens have been burned while others have been retained. The exact reasons and market impact of these actions are unclear.
Conclusion
The recent behavior of Notcoin highlights the importance of strategic buying and holding strategies. Avoid FOMO, set realistic buy orders, and hold through corrections. The market is unpredictable, but with patience and strategy, investors can navigate these fluctuations.