šØ NOT/USDT Analysis: Key Insights & Trading Strategy šØ
The latest NOT/USDT chart shows intriguing movements! Hereās what you need to know to stay ahead in your trading game.
Summary:
Price is showing a slight recovery but faces tough resistance ahead. Key support levels will determine the next moves.
Key Points:
š Current Price Action:
š« Trading below Weekly Volume Area High (wVAH) at $0.015750.
š Currently at $0.014457, showing a bit of upward movement.
š Volume Profile Insights:
š“ wVAH: $0.015750 ā Immediate resistance.
š“ mVAH: $0.020688 ā Major resistance zone.
š¢ mVAL: $0.013063 ā Key support level.
š¦ High Volume Area: $0.011500 - $0.014457 ā Crucial trading range.
š Support & Resistance:
š Resistance: $0.015750 (wVAH), $0.020688 (mVAH).
ā Support: $0.013063 (mVAL), $0.011283 (lower support level).
š RSI Analysis:
š Current RSI at 40.69 ā Nearing oversold territory.
š Watch for RSI dropping below 40 for potential buying signals.
š” Trading Strategy:
š» Short-term Bearish: Consider short positions if price can't break above $0.015750.
š Potential Reversal: Accumulate if RSI falls below 40 and price hits key support at $0.013063.
š Long-term Strategy: Look for consolidation above $0.015750 for potential long positions.
ā”ļø Action Steps:
š Monitor volume spikes for move confirmations.
šØ Set stop-loss orders around $0.011283 to manage risk.
š Keep an eye on RSI for oversold conditions and potential reversals.
š Engage with us! Like, comment, share your thoughts, or tip if you found this analysis helpful. Letās navigate the crypto market together! š $NOT