$NOT Currency Recommendations
General trend:
Current price: 0.008198 ๐ป (-2.67%).
The trend is showing relative stability after a sharp drop from the 0.010443 level to the bottom of 0.006156 ๐.
Currently the price is moving in a sideways range between support 0.006156 and resistance 0.009085.
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Technical indicators:
1. Moving Averages (MA):
MA(7): 0.008174 (very close support).
MA(25): 0.008333 (short-term resistance).
MA(99): 0.008080 (strong long-term support).
๐ Averages are currently indicating weak momentum, with overlapping levels.
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2. RSI (Relative Strength Index):
Current value: 44.67 ๐.
It indicates that the market is in balance between buyers and sellers, close to the oversold area, which may reflect an opportunity for a rebound if demand increases.
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3. Stochastic RSI:
Current value: 57.94 ๐.
Indicates a sideways movement with no clear market direction.
4. MACD:
DIF: -0.000048
DEA: -0.000031
A negative difference between the two values โโindicates weak bearish momentum.
5. Volume:
Current size: 3.73M ๐.
Relatively low trading volume, indicating a lack of investor interest at the moment $NOT .
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Main levels:
Support:
1. 0.008080 (support at MA 99).
2. 0.006156 (strong support at previous bottom).
Resistance:
1. 0.008333 (resistance at MA 25).
2. 0.009085 (major resistance at recent high).
Recommendations:
1. Ascent scenario:
If the price manages to break the resistance of 0.008333 with an increase in trading volume, it may target the level of 0.009085 $NOT .
2. Landing scenario:
If the price breaks the support level of 0.008080, it may decline to the level of 0.006156.
3. Risk Management:
It is recommended to place stop loss orders below 0.008080 to reduce risks.
Conclusion:
The market is showing weak sideways movement ๐โ๏ธ, waiting for new momentum from either buyers or sellers.
It is best to wait for a clear confirmation signal before entering any trades.
