$NOT Technical Analysis & Prediction đ
Hey Binance family! Let's dive into the technicals of NOT/USDT, which has shown some interesting movements recently. As you can see, the price has made a significant spike, reaching up to $0.008308 with an impressive +8.37% gain in the last 24 hours. The volume is also notable with 8.44B NOT traded, indicating strong interest.
Current Price: $0.008308
24h High: $0.008897
24h Low: $0.007520
Looking at the 4-hour chart, NOT/USDT has been on a steady uptrend since bouncing from the support at $0.006000, marked by the ascending trendline. The recent surge broke past a minor resistance at $0.008000, suggesting potential for further upside.
However, the spike has also brought the price to a point where it's close to the 24-hour high. Traders should watch for consolidation or a minor pullback as the market decides its next move. If it holds above $0.008000, we could see it challenge the next resistance near the $0.009000 mark.
For those looking to enter, consider the following:
Long Trade: Enter above $0.008300, targeting $0.009000 and $0.009500, with a stop loss below $0.008000.
Short Trade: If it retraces below $0.008000, targets could be set at $0.007500 and further down at $0.007000 with a stop loss above $0.008100.
Always manage your risk and happy trading! đĄ
