$NOT Short Liquidation Analysis
💥 Current Short Liquidation: $29.427K, Price: $0.00661
Market Overview
$NOT (The Notional) has just experienced a major short liquidation at $0.00661, signaling that the bulls are gaining control. This could potentially lead to a bullish breakout if buying pressure remains strong.
Trading Strategy: Buy Plan
Here’s your clear and simple strategy to enter this trade:
Buy Zone
Entry Range: $0.00650 to $0.00670
Tip: Wait for minor retracements or consolidation in this range to ensure a safer entry.
Targets (Take Profits)
Target 1 (Short-Term): $0.00700
Target 2 (Mid-Term): $0.00750
Target 3 (Long-Term): $0.00800
Stop Loss
Stop Loss Level: $0.00620
Reason: A drop below this level could signal a loss of bullish momentum and a potential downturn.
Key Tips for Traders
1. Volume Confirmation: Look for a surge in volume near the buy zone to confirm strong buying pressure.
2. Risk Management: Limit your trade size to 1-2% of your total portfolio to control risk.
3. Stay Informed: Monitor any updates or news related to NOT or the broader crypto market, as this can significantly affect price movement.
🚀 Possible Scenario: If $NOT breaks through $0.00700 with strong momentum, it could push toward $0.00750 or higher. Stick to your trading plan and manage your risk by adjusting your stop loss as the price moves up to lock in profits.
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