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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