๐จ NOT/USDT Analysis: Key Insights & Trading Strategy ๐จ
The latest NOT/USDT chart shows intriguing movements! Hereโs 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:
๐ Current Price Action:
๐ซ Trading below Weekly Volume Area High (wVAH) at $0.015750.
๐ Currently at $0.014457, showing a bit of upward movement.
๐ Volume Profile Insights:
๐ด wVAH: $0.015750 โ Immediate resistance.
๐ด mVAH: $0.020688 โ Major resistance zone.
๐ข mVAL: $0.013063 โ Key support level.
๐ฆ High Volume Area: $0.011500 - $0.014457 โ Crucial trading range.
๐ Support & Resistance:
๐ Resistance: $0.015750 (wVAH), $0.020688 (mVAH).
โ Support: $0.013063 (mVAL), $0.011283 (lower support level).
๐ RSI Analysis:
๐ Current RSI at 40.69 โ Nearing oversold territory.
๐ Watch for RSI dropping below 40 for potential buying signals.
๐ก Trading Strategy:
๐ป Short-term Bearish: Consider short positions if price can't break above $0.015750.
๐ Potential Reversal: Accumulate if RSI falls below 40 and price hits key support at $0.013063.
๐ Long-term Strategy: Look for consolidation above $0.015750 for potential long positions.
โก๏ธ Action Steps:
๐ Monitor volume spikes for move confirmations.
๐จ Set stop-loss orders around $0.011283 to manage risk.
๐ Keep an eye on RSI for oversold conditions and potential reversals.
๐ Engage with us! Like, comment, share your thoughts, or tip if you found this analysis helpful. Letโs navigate the crypto market together! ๐ $NOT