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Trading Signal: $NOT /USDT
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Trading Details:
- Symbol: NOT/USDT
- Time Frame: 12 hours
- Current Price: $0.0086 - $0.0090
- Support Area: $0.0080
- Resistance Levels:
- First Target: $0.010
- Second Target: $0.011
Technical Analysis:
The price has broken out of a symmetrical triangle, confirming a bullish trend. The Relative Strength Index (RSI) indicates bullish momentum, suggesting a continuation of the upward trend.
Key Levels to Watch:
- Buy Zone: Around the current price of $0.0086 - $0.0090, with a stop-loss just below $0.0080 to protect against false breakouts.
- Targets: First target at $0.010, with potential extensions to $0.011 if the upward momentum continues.
Risk Management:
- Stop-Loss: $0.0080 (Below the support area)
- Risk-Reward Ratio: 1:3 (Based on the first target level)
Strategy:
Consider entering a long position now or on any pullbacks to the Support Area. If you already entered before at $0.0086, that's great! If you missed it, you can enter again without worry. Adjust position size according to your risk tolerance and trail the stop-loss as the price approaches the resistance levels.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice.
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