Bullish Analysis for NOT/USDT (4H)
The price is consolidating within a range after taking liquidity at lower levels. This movement suggests a possible accumulation before seeking new highs.
Key Points:
1. Key Order Block: The area marked as OB is the level to overcome. If the price closes above, it could confirm an upward movement.
2. Structure Change (MSS): The structure shows bearish signs. This could attract buying liquidity in that area seeing the wicks it left
3. Algorithmic Narrative: The current consolidation could be generating sell orders that the market will absorb before a breakout to the upside.
Initial Target: 0.008509, recovery of 0.01 and above
Key Risk: That the price loses the current lows of the range.
A clean and sustained breakout can open the way to new highs.