#NOT POSSIBLE MOVEMENT AFTER SHORT TERM BEARISH: BREAKDOWN OF BOUNCE?

As NOT continued to decline for the previous months. It has now finally reached its bottom and the common anticipation for most traders would be an immediate breakdown.

However, this is not entirely the case.

The neckline created from its descending peaks proved to hold the prices with the trading range of 0.010-0.013. An increase in demand from these key levels is inevitable as this proves to be its least possible price during this time. Right now, as the price were held, we can safely assume that a long scalp, intraday or swing trade can make you benefit from this token. Albeit, it's best to keep in mind the possibility of a breakdown and waiting for possible key levels that could be established as new supports is important.

Stay wise, trade cautiously.