Alright, folks! My $NOT position just got closed out at 0.0073, hitting my target perfectly. Now, I'm reassessing the market and planning my next move.
If NOT drops below 0.005, I'll consider shorting again. But if it breaks through 0.0081, I'll take a long position, anticipating a stronger upward momentum.
Here's the thing: if NOT surpasses 0.009, I believe it'll skyrocket to 0.013. That's right, a potential 44% gain!
My strategy:
1. Wait for NOT to test 0.005 support.
1. If broken, short with target 0.005.
1. If NOT rallies above 0.0081, go long.
1. Set stop-loss at 0.0068.
1. Take profit at 0.013.
Why this plan? I've analyzed NOT's chart, and the indicators suggest:
RSI: Oversold territory, potential bounce
MACD: Bullish crossover imminent
Volume: Increasing buying pressure
Market sentiment: Shift from bearish to neutral
Keep in mind:
1. Cryptocurrency markets are volatile.
1. Risk management is crucial.
1. Adjust positions according to market developments.
