NOT - Price Action
Current Price: 0.001972 USDT
24h Range: Low of 0.001917 to a high of 0.002036
Support Zone: Around 0.00159, which was the recent local low
Resistance Zone: Around 0.00222, which acted as a ceiling earlier
The price recently bounced off 0.001595 and is attempting a recovery. This small uptrend could indicate a potential reversal or at least a short-term relief rally.
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RSI (Relative Strength Index)
RSI(20): 45.38
RSI(80): 43.64
These values suggest that the coin is currently neutral, leaning slightly toward oversold conditions. It is not overbought, which supports the idea that there may still be room for upward movement.
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MACD (Moving Average Convergence Divergence)
MACD Line (Blue): 0.000063
Signal Line (Red): -0.000969
Histogram: Slightly green and rising
MACD is crossing into bullish territory, showing early signs of upward momentum. This could suggest the start of a trend reversal.
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Volume Analysis
24h Volume (NOT): 2.48B
24h Volume (USDT): 4.88M
Volume is moderate. Not extremely high, but not weak either. A breakout would need stronger volume to confirm upward momentum.
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Should You Enter Now?
Short-Term Entry (1–7 days):
Possible Yes for a speculative trade.
You're catching the token just after it formed a local bottom (0.001595), and technical indicators (MACD, RSI) suggest potential bullish movement.
However, watch for rejection near 0.0022. That level has previously acted as resistance.
Safer Strategy:
Wait for a clean breakout above 0.0022 with strong volume.
Or, consider placing a small buy now with a tight stop-loss around 0.00158 to manage your risk.
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Bottom line :
You can consider entering now for a short-term trade if you're okay with moderate risk. Set your stop-loss around 0.00158 and monitor closely. If you're a conservative trader, wait for confirmation above 0.0022.
