$NOT : Struggling to Hold Above Support
$NOT is currently trading at $0.002971, down 4.19% in the last 24 hours. The price recently tested the $0.002934 low and is attempting a weak bounce, but resistance remains strong.
Market Overview
Resistance Levels: $0.003000 - $0.003049
Support Levels: $0.002934 - $0.002906
Moving Averages:
7 MA: $0.002979 (Acting as immediate resistance)
25 MA: $0.002980 (Short-term trend resistance)
99 MA: $0.003001 (Stronger resistance zone)
Trade Setup
Bullish Scenario (Breakout Above Resistance)
Entry: Above $0.003000 (Breakout confirmation)
Target 1: $0.003049
Target 2: $0.003100
Stop-loss: $0.002950
Bearish Scenario (Failure to Hold Support)
Entry: Below $0.002934 (Bearish continuation)
Target 1: $0.002920
Target 2: $0.002906
Stop-loss: $0.002990
Market Sentiment
$NOT is in a clear downtrend, struggling to reclaim key moving averages. If it fails to break above $0.003000, expect another drop towards support zones.
Volume needs to pick up for a reversal; otherwise, sellers may take control again.
Possible Next Move
A break above $0.003000 could lead to a short-term recovery towards $0.003049 - $0.003100.
If NOT fails to hold $0.002934, expect further downside toward $0.002906.
We should watch for volume confirmation before making a move.
#NOT #BinanceAlphaAlert #MarketLiquidation