why not coin is going to be to be bearish :
Markets are always tricky and hard to predict . Thats why it's risky . For those who didn't invest in not , this is not the right time to because markets about to retracement and shoot off down . And for the ones who invested in the low they can definitely hold or get out with profit and get in again after the end of the bearish movement secureing their profit and with low risk
Here's a quick and few analysis I've done :
1. Liquidity sweep : it's mainly a stop run for traders .when price hits a support or resistence it's suppose to go up or down but big share holders manipulates the price and trades the opposites to stop out the traders . Price mostly goes to down when it manipulates support and we can see that happening there
2. Fair value gap : It mainly fills the gab and imbalance in the market . The more higher time frame it's in the more powerful it is and we can see it in weekly in not. which started to fill and is on the way .
3. sentiment : markets always goes down after greed and up after fear and not is in greed
For a lot of reasons and analysis I think not would be bearish for a while and since it's a new coin it has a lot chancesto make a new low . And if you want to invest in not this would be absolutely riskyest time for you . So invest carefully for your good
pls tell us in the comment if you are bullish or bearish in not coin
