$NOT is currently trading around 0.000541 and is down roughly 11.3% in the last 24 hours. The sharp selloff from the 0.000616 high to the 0.000509 low shows clear sell-side pressure entering the market. Since that drop, price has been moving sideways in a narrow range, which usually signals consolidation after weakness rather than strength building up.
On the 1H timeframe, bearish structure is still present. Price remains below the key breakdown zone near 0.00056–0.00057, and recovery attempts are weak and short-lived. Bullish candles lack follow-through, while selling pressure reappears quickly near minor resistance. Volume expanded during the dump and faded during consolidation, which generally favors downside continuation.
Trade Setup
Entry Zone: 0.000540 – 0.000560
Target 1 : 0.000525
Target 2 : 0.000509
Target 3 : 0.000490
Stop Loss: 0.000580
If price breaks and closes below the 0.000525 support with strong volume, downside momentum can accelerate quickly, reopening the path toward the prior liquidity sweep near 0.000509 and potentially lower. Unless NOT can reclaim and hold above the 0.00058 resistance with conviction, the broader bias remains bearish and rallies should be treated as corrective moves rather than signs of a sustainable reversal.
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