News $NOT
Today 7.7.2024
Since its launch, excluding the listing day, Notcoin has strengthened quite significantly without any significant pullback, thus creating a sizable imbalance. One scenario suggests that the coin was initially pumped up to 450%, and now there is a possible âdumpâ to accumulate liquidity at the expense of traders who were too late to capitalize on the upward momentum.
Currently, all eyes are on the $0.02-$0.0199 area. There are two possible scenarios regarding this level, and they all depend on market reaction and trader behavior.
Breakout and Liquidation
The first scenario involves a breakout and subsequent liquidation. In this case, the price could break the $0.02-$0.0199 level, potentially triggering a series of liquidations and a sharp downward move.
Incorrect Details and Continuation
The second scenario is a false breakdown, where the price briefly falls below the $0.02-$0.0199 level but quickly rebounds, indicating the continuation of the uptrend. In this case, the price may continue to rise towards the above liquidity zone.
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