NOT/USDT: A Potential Reversal?
While the short-term trend for NOT/USDT remains bearish, there are encouraging signs of a potential reversal. The MACD histogram's uptick and price stabilization near the $0.008300 level suggest a possible support zone.Support and Resistance: * Support: The $0.008300 level is currently acting as a key support. A break below this level could signal a further decline. * Resistance: The $0.008428 level, the 24-hour high, serves as a significant resistance. A break above this level would indicate a bullish reversal.Entry Strategy:For aggressive traders, a potential entry point could be near the current support level of $0.008300. However, it's crucial to wait for a confirmation signal, such as a candlestick pattern reversal or a break above the $0.008300 level.Remember: Technical analysis is a tool, not a crystal ball. Always conduct your own research and consider risk management before making any investment decisions.
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