$NOT
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$NOT Temporary Short Setup
Entry:
- Anticipated entry around 0.105 to 0.110
Targets:
- Target 1: 0.090
- Target 2: 0.085
Stop Loss:
- 5% away from entry price 0.115 to 0.113
Setup Summary:
This is a temporary short setup for NOT, with an anticipated entry range of 0.105 to 0.110. The setup has two targets, 0.090 and 0.085, with a stop loss set at 5% away from the entry price. Please note that this is a hypothetical setup and should not be taken as actual investment advice.
🔴 Risk Management:
- Stop loss is set at 5% away from entry price to limit potential losses
- Two targets provide potential exit points for profit-taking
Market Context:
- NOT has been affected by the recent bad news surrounding the Telegram owner, leading to a decline in price
- The setup is based on the anticipation of further short-term downside movement
Additional Analysis:
- The VWAP indicator is touching around 0.101, suggesting potential selling pressure may increase again
- This setup is valid for only a few hours, and traders should be cautious of changing market conditions
⚠️Disclaimer:
- This is not financial advice, and traders should do their own research before making any decisions
- Phone research is recommended to stay up-to-date with market conditions
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