---$NOT
📈 **NOT/USDT Trade Setup & Analysis** 📉
**Chart Overview:**
The NOT/USDT pair is showing an interesting setup on the 1D timeframe. The price is currently sitting within a strong **Support Zone** around 0.0087401 USDT, as indicated by the green arrows. Historically, this zone has provided a solid foundation for potential rebounds, making it a critical area to watch for a bullish reversal.
🔍 **Analysis:**
- The price has been in a downtrend, consistently getting rejected at the descending trendline (shown in gray), which has been respected multiple times.
- A break above this trendline could signal a shift in momentum, pushing the price towards the **Resistance Zone** near 0.0250000 USDT (Blue line).
- On the other hand, failure to hold the support could see the price dip further, making the **Stop Loss** at 0.0045567 USDT (Red line) a prudent measure to manage risk.
🎯 **Trade Plan:**
- **Entry:** Near the current price of 0.0087401 USDT, as we watch for a bounce off the support.
- **Target:** 0.0250000 USDT, aligning with the upper resistance zone.
- **Stop Loss:** 0.0045567 USDT to protect against potential downside risk.
💡 **Risk/Reward:** This setup offers a favorable risk/reward ratio, with potential gains outweighing the risks if the support holds and the trendline breaks.
**Strategy Tip:** Patience is key in this trade. I'll be looking for confirmation of support holding before fully committing to the position. Monitoring volume and any signs of bullish divergence on lower timeframes could provide early signals of a potential breakout.
Stay tuned for more updates and trade insights! Let me know your thoughts in the comments below. 📊
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