📈 NOT/USDT Technical Analysis – Bullish Setup Within Ascending Channel
Notcoin has broken out of a historically strong resistance zone and successfully retested it, forming a clean ascending channel structure. This setup suggests growing bullish momentum and offers multiple trade opportunities depending on your risk profile.
🟢 Scenario 1 – Aggressive Entry:
Enter now with a stop-loss at 0.0021 and target the channel top (~0.00488). This setup offers a favorable 1:2 risk-to-reward ratio.
🔴 Scenario 2 – Conservative Entry:
Wait for a confirmed breakout above the red resistance box. If price closes above this zone with strong volume, consider entering long with a stop below 0.00244 and the same target.
📌 Price action within the red resistance box will play a crucial role in determining whether the current uptrend continues or stalls. Failure to break above this zone decisively could lead to a short-term correction before potential continuation.
💬 Which entry strategy fits your style? Let me know below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.