๐ด $NOT Technical Analysis Update! ๐
Today, NOT surged around $0.0166, with a notable increase of 16.12%. Let's dive into the potential price movements and key levels to watch out for.
๐ด Range-Bound Scenario: ๐ข
Support: $0.015552, $0.015111Resistance: $0.0169, $0.0176
If NOT consolidates within the range of $0.015552 (support) and $0.016433 (resistance), traders might consider a range-bound strategy. Buying near the support levels and selling around the resistance levels could be profitable. However, a breakout from this range could signal more significant moves.
๐ด Bullish Outlook: ๐
Immediate Resistance: $0.016377, $0.016433Major Resistance: $0.017000, $0.018000 (psychological level)Target: $0.020000 (uncharted territory)
In a bullish scenario, a decisive break above the immediate resistance levels of $0.016377 and $0.016433 could set the stage for a rally towards the major resistance at $0.017000. Continued buying momentum might push the price past the psychological level of $0.018000, targeting uncharted territory at $0.020000. ๐
๐ด Bearish Outlook: ๐ป
Immediate Support: $0.015552, $0.015111Major Support: $0.014500, $0.014000Target: $0.013500 (previous swing low)
Conversely, if the price breaches the immediate support levels of $0.015552 or $0.015111, it could trigger bearish momentum, potentially testing the major support levels of $0.014500 and $0.014000. A sustained downtrend might lead the price towards the previous swing low of $0.013500. ๐
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