🔥🔥 Trade Analysis 55: $NOT - How to Buy Low!
NOT price had bounce back as Scenario 2 of last week post, yet it seems like price is facing strong selling pressure at $0.0085. On the other side, price is having 2nd 1D Low with RSI Divergence too, which is a sign of Bullish Reversal.
Overall, I am still had faith on NOT, so here I share my trading plan on How to Buy Low on $NOT , based on different scenarios as below:
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1. Continue Decline:
If price continue decline to 3rd 1D Low, I will look for a Low Volume & Higher RSI than 2nd Low. As based on my experience, 3rd 1D Low that fulfill both of these criteria had High chance to Reverse and go for a Big Rise. If these scenarios play out, I'll be ready to buy the dip.
2. Consolidation:
If price continue to consolidate around $0.0085 and $0.007, I will Gradually Enter near $0.007. However, if price drop sharply below $0.007, I might consider Exit first.
3. Bullish Rise:
If price having a Bullish Breakout above $0.0085 (after consolidation), I will Enter all my chips and set stop loss at $0.007. My Plan is Hold it for another Bullish Rise, preferably achieve a Higher All-time High!
That's it for today $NOT Trade Analysis. I hope this analysis help you make smarter trade decision.
Trade Smarter! Peace Out ;)
