🔻 Macro Trend:
Since its launch, NOT has been moving steadily inside a descending channel, losing around 95% from the top.
Currently, we’re seeing the second major consolidation zone forming — just like the first one earlier in the trend.
🔄 What’s Next?
We're at a crossroad:
Either a third accumulation range is building inside the downtrend,
Or this consolidation is setting the stage for a trend reversal.
You can bet on either scenario — just make sure your risk management accounts for both.
⚠️ Important Reminder:
Assets like this don’t have a classic "bottom."
⚔️ It's a high-risk zone, but the reward potential is also significant.
🙂 Personally, I lean towards the bullish scenario.
But let the market show its hand — we don’t trade hope, we trade price action.
Since its launch, NOT has been moving steadily inside a descending channel, losing around 95% from the top.
Currently, we’re seeing the second major consolidation zone forming — just like the first one earlier in the trend.
🔄 What’s Next?
We're at a crossroad:
Either a third accumulation range is building inside the downtrend,
Or this consolidation is setting the stage for a trend reversal.
You can bet on either scenario — just make sure your risk management accounts for both.
⚠️ Important Reminder:
Assets like this don’t have a classic "bottom."
⚔️ It's a high-risk zone, but the reward potential is also significant.
🙂 Personally, I lean towards the bullish scenario.
But let the market show its hand — we don’t trade hope, we trade price action.
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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.