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📊 $NOT Coin Recommendations
First, I recommend the currency until the following indicators are good, and if the currency continues to close above the last resistance, it may break its highest peak in the future, God willing.
1. Price Action:
Current price: 0.007710, up +4.20%, indicating an upward movement in the last hours.
Previous high: 0.008688, represents a strong resistance that must be broken to achieve further upwards 🛑.
Previous bottom: 0.006748, represents a strong support level in case of any downward correction 🔽.
2. Moving Averages:
MA(7) at 0.007572: The price is moving above this average, indicating short-term bullish momentum 🟩.
MA(25) at 0.007490: The price is also above this average, which reinforces the medium-term bullish trend 📈.
MA(99) at 0.006856: The average is far from the current price, indicating distant long-term support 🔵.
3. Relative Strength Index (RSI):
Current value: 57.74.
Indicates that the market is in a balanced position between buyers and sellers, but is leaning towards upward momentum ⚖️.
The indicator approaching the 70 level means the possibility of entering an overbought state 🚨.
4. MACD Indicator:
Current value:
DIF: 0.000053.
DEA: 0.000042.
MACD: 0.000011 (Positive).
The lines are in a bullish crossover, reflecting positive momentum supporting the upward price trend 📈
Green volumes in the histogram chart indicate continued buying pressure 🚀.
5. Stochastic Oscillator:
Current values:
K: 74.43.
D: 58.74.
The indicator is close to the overbought level, which calls for caution regarding the possibility of an imminent correction 📉.
6. Support and resistance levels:
Close support:
0.007572 (MA(7)) 🟢.
0.007490 (AND(25)) ✅.
Close resistance:
0.007885 (highest local peak) 🛑.
0.008688 (Very important previous high) 🔴.
💡 Conclusion and recommendations:
1. Continuation of the upward trend:
If the price manages to break the resistance level of 0.007885 steadily, the next target will be at 0.008688 $NOT .
2. Possibility of correction:
In case of a bounce, the support levels at 0.007572 and 0.007490 will be crucial to maintain the uptrend.
3. Trade with caution:
With RSI and Stochastic indicators approaching overbought levels, a correction or profit taking is possible soon 🚨.
🎯 Trading Tip:
Entering into correction mode at nearby support levels.
Place a stop loss order below the key support level 0.007490 to reduce risk.
Follow the market momentum and break the major resistance before making new buying decisions!