#MyFirstSquarePost Hello, Binance Square!
$NOT Recent Price Action Indicates Bearish Momentum đ
Over the past few days, our attention has been focused on Notcoin as it approached a critical juncture: the apex of a triangle formed by its long-term downtrend and short-term uptrend.
Initially, there seemed to be a possibility of a significant move in either direction, with a slight bias towards bullish momentum.
However, events unfolded differently than anticipated.
$NOT unexpectedly broke out below the triangle formation, confirming a bearish breakout according to the daily chart analysis. This breakout serves as a robust bearish signal.
In the absence of strong overall market support, the immediate next levels of support for Notcoin are anticipated at 0.016 and subsequently at 0.0091.
As of now, there are no indications of a reversal in this downward trend. Consequently, I maintain my stance of refraining from trading this token.
