$NOT #Followers #Everyone #Binance
**NOT/USDT perpetual** Technical Analysis
### Key Observations:
1. **Moving Averages (MA):**
- **7-period MA** (yellow) is currently below the **25-period MA** (pink), which usually indicates a short-term bearish trend. However, the price has started to cross above the 7-period MA, indicating potential bullish momentum in the short term.
- The **99-period MA** (purple) is above the current price, indicating that the overall long-term trend could still be bearish.
2. **MACD** (Moving Average Convergence Divergence):
- The MACD histogram shows green bars, indicating a bullish crossover. The momentum appears to be turning positive, which could signal an upcoming uptrend in the near term.
3. **RSI** (Relative Strength Index):
- The RSI is currently at **76.52**, indicating that the asset is in **overbought** territory. This typically suggests a possible reversal or pullback may occur soon.
4. **Volume:**
- A notable volume spike is visible on the chart, which often signals increased market participation and may suggest a continuation of the current price trend.
### Strategies for Trade:
#### **Long Position:**
- **Entry Point:** Consider entering a long position if the price breaks above **0.00750** and sustains above the **25-period MA**.
- **Take Profit (TP):** Set the TP around **0.00780**, based on previous resistance zones near the 99-period MA.
- **Stop Loss (SL):** A tight stop loss around **0.00725** (below the 25-period MA) would limit downside risk if the price retraces sharply.
#### **Short Position:**
- **Entry Point:** A short position could be considered if the price falls below **0.00735** (breaking below the 7-period MA).
- **Take Profit (TP):** Set TP around **0.00705**, based on the support level indicated by recent lows.
- **Stop Loss (SL):** A stop loss just above **0.00755** to protect against any false breakdowns.
### Risk Management:
- **Trade Duration:** In a volatile market like this, trades may last from a few hours to a day. Monitor the trend closely, especially the volume and the MACD to watch for any momentum shift.
- **Plan for Reversal (If trade goes against you):** If entering a long and the price falls below **0.00735**, consider flipping to a short position. Similarly, if entering a short and the price rises above **0.00755**, consider reversing to a long.
**Disclaimer:** I'm not a financial advisor. This information is for educational purposes and should not be taken as financial advice. Always conduct your own research or consult a professional before making any trading decisions.