🚨 NOT/USDT Analysis: Key Insights & Trading Strategy 🚨
The latest NOT/USDT chart shows intriguing movements! Here’s 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:
📈 Current Price Action:
🚫 Trading below Weekly Volume Area High (wVAH) at $0.015750.
📊 Currently at $0.014457, showing a bit of upward movement.
🔍 Volume Profile Insights:
🔴 wVAH: $0.015750 – Immediate resistance.
🔴 mVAH: $0.020688 – Major resistance zone.
🟢 mVAL: $0.013063 – Key support level.
🟦 High Volume Area: $0.011500 - $0.014457 – Crucial trading range.
📉 Support & Resistance:
🛑 Resistance: $0.015750 (wVAH), $0.020688 (mVAH).
✅ Support: $0.013063 (mVAL), $0.011283 (lower support level).
📊 RSI Analysis:
📉 Current RSI at 40.69 – Nearing oversold territory.
🔎 Watch for RSI dropping below 40 for potential buying signals.
💡 Trading Strategy:
🐻 Short-term Bearish: Consider short positions if price can't break above $0.015750.
🔄 Potential Reversal: Accumulate if RSI falls below 40 and price hits key support at $0.013063.
📈 Long-term Strategy: Look for consolidation above $0.015750 for potential long positions.
⚡️ Action Steps:
👀 Monitor volume spikes for move confirmations.
🚨 Set stop-loss orders around $0.011283 to manage risk.
📅 Keep an eye on RSI for oversold conditions and potential reversals.
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