The overall contract data of Notcoin is bearish, and it is obvious that some consolidation is needed before there is a chance to start an upward trend. 👇🏻The short-term trend of $NOT can be analyzed from the four data below:
1️⃣ HC: The concentration of shorts has increased. You need to pay attention to whether the concentration of shorts continues to decline and hits a new low. If the concentration of shorts drops to the previous low or falls below the previous low, there may be an opportunity to start to build a bottom; conversely, if the concentration does not If it goes lower, it will be a stronger bullish signal.
2️⃣ WH: The whale alarm shows that whales are biased towards the short side. They have opened short positions and some whales have begun to close long positions. You will not go wrong by following the whales.
3️⃣ SM: The kinetic energy changes too much, does it feel weird? In fact, this is not the case. This is the pattern before the market bottoms out and starts to turn long, so the next change in chips is the key. If you want to go long NOT, you should start paying attention!
4️⃣ TI: More retail investors are starting to go long....they may have to kill retail investors' chips first...🫣
Data source:blave.org
