Is Notcoin Going bearish⁉️
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Price Target: I initially set a target of $0.015, but the price rallied up to $0.02, surpassing the initial target.
Open Interest and Momentum: There has been a significant increase, with over $100 million in positions opened and strong spot buying.
Key Levels to Watch:To continue the bullish trend, the price needs to break above the 1.618 FIB level (around $0.02), a strong psychological resistance level.
The main support level is the 38.2 FIB of the move down (around $0.017), coinciding with a major bullish breakout level.
Next Steps: I suggest waiting for a breakout above $0.0205 or below $0.017, followed by confirmation, to determine the next price movement.In my opinion, the most likely scenario is a bullish breakout leading to a continuation up to $0.0225 and potentially $0.025.