NOTCOIN remains in consolidation mode! Here's the game plan!

NOT has been continuously going down and consolidating after being rejected at the upper trend line. It even dropped below 0.16. However, EMA200 should be a strong support level and could be the level to bounce on!

Mid-term, I firmly believe that there is NO extraordinary potential. However, it is essential to wait NOT to break the two resistance levels:

1 — Resistance at 0.173. This is very important. I would not enter the trade if it did NOT close above this level on a higher timeframe like the daily chart.

2 — The upper trend line is almost at the same level as the 0.173 resistance.

The road ahead 👇

Once the broader market begins to pick up steam, I expect Notcoin to bounce from current levels and begin a fresh attempt against the resistance levels mentioned above.

Once this has been resolved, I will (in my current perspective) take the trade with three profit targets:

1 - ~0.20

2 - 0.24

3 - 0.30