🟢🔔 Trading Signal: NOT/USDT (1H Chart)
Channel Identified:
• Ascending Channel: Price is moving within an upward channel, bouncing between support and resistance levels. This indicates a bullish continuation as long as the lower boundary of the channel holds.
Key Levels:
• Current Price: $0.007844
• Support Levels:
• $0.007433: Strong support; key zone where buyers may re-enter.
• Resistance Levels:
• $0.007980: Immediate resistance. A break above this level could trigger further upward movement.
• $0.008738: Next significant resistance target.
• $0.009708: Final bullish target, marking a key potential upside level for a breakout trade.
Indicators:
• RSI: Currently at 53.04 (neutral with upward momentum). This suggests price has room to rise, approaching a potentially overbought territory.
Trade Suggestion:
📈 Long position near the support of $0.007433 with a target of $0.009708. Place a tight stop-loss at $0.007200 to manage downside risk. The trade becomes invalid if the price closes below the lower boundary of the ascending channel.
Disclaimer: DYOR and NFA.
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