$NOT Technical Analysis Report
Overview
- Current Price: $0.01694
- 24-Hour High: $0.01749
- 24-Hour Low: $0.01520
- 24-Hour Volume:
- $NOT: 16.47B
- USDT: 268.89M
Technical Indicators
- Price Trend: The price has shown a slight decline from its recent peak of $0.01749 to $0.01694, indicating a short-term downtrend.
- Volume Analysis: The substantial 24-hour trading volume suggests strong market activity and liquidity.
Trading Strategy
Long Position:
- Entry Point: $0.01750
- Rationale: A break above $0.01750 would indicate a resumption of the upward trend, potentially leading to further gains.
- Target: Aiming for a breakout if the price surpasses $0.01750.
Short Position:
- Entry Point**: $0.01600
- **Rationale**: Entering around $0.01600, closer to the recent 24-hour low of $0.01520, could provide a good entry for a short trade, expecting a downward correction.