NOTcoin chart
Analysis by Amadarz✅
This chart for NOT/USDT suggests a bearish trend that is now consolidating, with a descending trendline. Here's a breakdown of the setup:
1. Current Price : 0.01061 USDT 📉.
2. Trendline Break : The setup is recommending to wait for a break of the descending trendline ⏳ before entering a long position. This is crucial as it would signal a potential trend reversal or bullish continuation 📈.
3. Second Entry : There’s a potential second entry at 0.00912 USDT 🚪, a key level based on previous support.
4. Target Levels 🎯:
- TP1 : 0.01114 USDT 🟢 (minor resistance level).
- TP2 : 0.01229 USDT 🟢 (further resistance).
- TP3 : 0.01435 USDT 🏁 (approaching a significant resistance).
5. Stop-Loss Zones : Recommended stop-loss is between 0.00907 USDT and 0.00857 USDT 🔴, just below the recent major swing low.
Key Observations:
- Risk Management : The stop-loss below 0.00912 ensures solid risk control 🔒, protecting your downside below the recent low.
- Action Plan : If the trendline breaks with strong volume or bullish confirmation 🚀, consider taking profits at the targets in sequence, with TP1 being conservative, and TP3 offering the maximum reward 🎉.
Keep an eye 👀 on the volume and price action around the trendline for confirmation of the breakout!
This chart for NOT/USDT suggests a bearish trend that is now consolidating, with a descending trendline. Here's a breakdown of the setup:
1. Current Price : 0.01061 USDT 📉.
2. Trendline Break : The setup is recommending to wait for a break of the descending trendline ⏳ before entering a long position. This is crucial as it would signal a potential trend reversal or bullish continuation 📈.
3. Second Entry : There’s a potential second entry at 0.00912 USDT 🚪, a key level based on previous support.
4. Target Levels 🎯:
- TP1 : 0.01114 USDT 🟢 (minor resistance level).
- TP2 : 0.01229 USDT 🟢 (further resistance).
- TP3 : 0.01435 USDT 🏁 (approaching a significant resistance).
5. Stop-Loss Zones : Recommended stop-loss is between 0.00907 USDT and 0.00857 USDT 🔴, just below the recent major swing low.
Key Observations:
- Risk Management : The stop-loss below 0.00912 ensures solid risk control 🔒, protecting your downside below the recent low.
- Action Plan : If the trendline breaks with strong volume or bullish confirmation 🚀, consider taking profits at the targets in sequence, with TP1 being conservative, and TP3 offering the maximum reward 🎉.
Keep an eye 👀 on the volume and price action around the trendline for confirmation of the breakout!
Trade active
Active 912$ level
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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.
Related publications
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.