Take Profit Targets:
🎯 TP1: $0.00320
🎯 TP2: $0.00295
🎯 TP3: $0.00275
Stop Loss: $0.00360 (just above wedge resistance – invalidate if broken)
In the fast-moving world of altcoins, $NOT has caught major attention with a powerful 25.74% pump, currently trading at $0.003429. But as price nears local highs and bearish signs creep into the 30-minute chart, savvy traders are eyeing a possible short trade setup. Could this be the perfect fade before the hype dies out?
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Technical Snapshot:
Current Price: $0.003429
Daily Gain: +25.74%
Structure: Rising Wedge forming – a classic bearish pattern that often signals trend reversal.
Key Levels to Watch:
Resistance Zone: $0.00358 – Price has been repeatedly rejected here, showing signs of exhaustion.
Support Levels:
$0.00320 – First key demand zone.
$0.00295 – Mid-range support.
$0.00275 – Deeper pullback target if momentum flips bearish.
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Short Trade Setup (High-Risk / High-Reward):
Entry Range: $0.00342 – $0.00348 (ideal for tight entries near top of wedge)
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Market Insight:
After its parabolic surge, $NOT appears to be losing steam. The 30-minute chart shows:
Bearish candlestick rejections near highs
Slowing momentum
Volume divergence
All these are early warnings of a potential breakdown, especially if price closes below $0.00340 with increasing sell volume.
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Pro Tip for Traders:
Don’t chase pumps. Fade the weakness.
Let the breakdown confirm below key support with volume before committing to a short. When the crowd is euphoric, that’s usually when smart money starts exiting.
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Final Thoughts:
The $Not short trade setup is shaping up as a textbook opportunity for those who can spot weakness before the herd reacts. While nothing is guaranteed in crypto, patterns like the rising wedge often play out with sharp pullbacks — especially after overextended rallies.
Will $Not hold the hype, or is it about to dip hard?
Keep your eyes on the levels… and your stop-losses tighter than ever.
#NOT #noobtoprotrader #TradeLessons #NewsTrade #CryptoCPIWatch $NOT