🚨 🚨 Huge Moves in NOT/USDT: Don’t Miss This Critical Trading Update! 🚨
The NOT/USDT chart shows significant price movements and crucial volume levels. Here's a concise analysis to help you navigate your trading decisions.
Summary:
The recent price action indicates a bearish trend with key support and resistance levels. Pay attention to volume nodes for potential entry and exit points.
Key Points:
Current Price Action:
Trading below the Point of Control (POC) at $0.022000.
Currently at $0.015749, just above a support level.
Volume Profile Insights:
POC: $0.022000 – Major resistance zone.
High Volume Area: $0.018000 - $0.022000 – Significant trading activity.
mVAH (Volume Area High): $0.023440 – Strong resistance.
mVAL (Volume Area Low): $0.017113 – Potential support.
Support & Resistance:
Resistance: $0.023440 (mVAH), $0.022000 (POC).
Support: $0.017113 (mVAL), $0.013268 (lower support level).
RSI Analysis:
Current RSI at 49.31 – Indicating a neutral to slightly oversold condition.
Watch for RSI crossing below 40 for potential oversold conditions signaling a buying opportunity.
Trading Strategy:
Short-term Bearish Bias: Consider short positions below $0.017113.
Watch for Reversal: If RSI approaches oversold levels or price hits key support at $0.013268.
Long-term Strategy: Accumulate if price stabilizes above POC at $0.022000 with increasing volume.
Action Steps:
Monitor volume spikes for entry signals.
Set stop-loss orders around $0.013268 to minimize risk.
Keep an eye on RSI for trend reversals.
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