$NOT NOT/USDT – 4-Hour Chart Analysis
Signal Type: Long (Buy)
Entry Strategy:
Buy Zone: 0.007546 USDT (anticipated pullback level)
If the price revisits this area and confirms a bullish reversal, this could present a strong entry for a long position.
Profit Targets:
Take Profit 1 (TP1): 0.009579 USDTTake Profit 2 (TP2): 0.011492 USDTTake Profit 3 (TP3): 0.014661 USDT
Stop Loss:
SL: 0.006770 USDT (positioned just below recent lows to control risk)
Risk/Reward Consideration:
This setup offers a layered approach to profit-taking, allowing risk to be managed at multiple levels. The first target (TP1) at 0.009579 USDT provides an initial safety net, with additional gains possible up to TP3. As each target is hit, consider adjusting the stop loss to protect profits.
Technical Overview:
The price recently broke a downward trendline (highlighted in pink), signaling a potential shift in market direction. A pullback towards the 0.007546 USDT zone offers an appealing risk/reward profile, making it a favorable point to evaluate entry for a long trade.