Revised $NOT Analysis (1D Timeframe)

1. Market Structure

Trend: After forming a local bottom at $0.001595, NOT/USDT made a strong upward impulse, topping at $0.002790, then retraced to $0.002397.

Current Action: We're in a pullback phase after a sharp rally — possible lower high formation.

2. Key Levels

Support Zones:

$0.00232–$0.00235 → Current zone; if lost, expect further drop.

$0.00206 → Strong support; potential bounce area.

$0.001595 → Last bottom; invalidation zone for bullish structure.

Resistance Zones:

$0.00259–$0.00279 → Strong supply area; bulls must reclaim this.

3. Volume Analysis

High volume near top (around $0.0027) may indicate distribution.

Declining volume on red candles shows weak sell pressure, but buyers are also cautious.

4. Potential Scenarios

Bullish Case:

Holds $0.00232–$0.00235 → Forms higher low → Reclaim $0.0026 → Retest $0.00279.

Bearish Case:

Breaks below $0.00232 → Falls to $0.00206 or even $0.00180 range.

Risk Tip:

Avoid entries in the middle zone.

Best strategy: Wait for bounce confirmation at support or breakout with volume above resistance. $NOT