🔥🔥Trade Analysis 50: $NOT to $0.005?!
NOT has been on a downward trend in recent days, approaching its initial Binance launch price of $0.00736. Is it headed for a further decline to its strongest support at $0.005, or is it time for a bounce back? Let's explore a few possible scenarios and how to capitalize on each.
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1. Continued Decline
If NOT breaks below $0.00736, it's highly likely to continue its descent towards the $0.005 support level. For a higher probability entry, consider buying above $0.005. If you're more risk-averse, wait for a dip below $0.005. As always, avoid over-allocating on buying the dip.
2. Bounce Back
If NOT rebounds from $0.00736, it will encounter resistance at $0.012. I recommend waiting for a bullish breakout above $0.012 with high volume before entering. NOT needs a strong bullish signal to attract significant buying pressure for a sustained uptrend.
That's it for today $NOT Trade Analysis. I hope this analysis help you make smarter trade decision.
Trade Smarter! Peace Out ;)
