$NOT $NOT
NOT/USDT: A Bearish Pullback
NOT is facing some headwinds. The price has dipped 5.02% in the last 24 hours, and the chart is showing signs of bearish momentum. This pullback from the recent rally is likely due to profit-taking and a broader market correction.
Key levels to watch:
* Resistance: $0.006426 and $0.006447
* Support: $0.006142 and $0.005989
If the bearish trend continues, we could see NOT retest the support levels and potentially break below them. However, if buyers step in and push the price above the resistance levels, we might see a reversal.
As a trader, you could consider the following strategies:
* Short-selling: If you believe the bearish trend will continue, you could consider short-selling NOT. However, short-selling carries additional risks, so it's important to use stop-loss orders to limit potential losses.
* Buy on a dip: If the price pulls back to the support levels, it could be a good opportunity to buy and ride the next wave of upward momentum.
Remember, the crypto market is highly volatile. Always do your own research and don't invest more than you can afford to lose.
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