Trade Analysis #16: A Close look on $NOT price movement.
$NOT rise even higher after my previous post on saying: now it's not a good time to Enter NOT yet.
But if you have a closer look on the price:
NOT is actually having a 2H Second Higher Top with Lower RSI & Lower Volume too. This signal that the price might reverse and start dropping soon.
Three Scenarios that may happen in next few days:
1. Occasionally, price might still had a 2H Third Top before dropping down.
2. The price drops down after this second top, and enters a consolidation phase (a good time to enter if BTC has a solid base now).
3. Price breakout of previous high ($0.1764) with Huge Volume; this might be a good time to Chase the High too... this scenario will need further confirmation.
In conclusion,
You can adjust your Entry based on these possible scenarios & looking for volume confirmation before entering.
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