$NOT This setup on $NOT/USDT is a classic bearish reversal play following an overheated rally. Let’s break it down:
Technical Breakdown – Short Trade Bias:
Current Price: $0.003429
Pattern in Play: Rising Wedge (typically bearish)
Bearish Signal: Early rejections near $0.00358 + weakening momentum on 30M chart
Short Entry Strategy:
Entry Zone: $0.00342 – $0.00348
Confirmation: Breakdown below $0.00340 with volume
Stop Loss (SL): $0.00360 (tight SL above resistance)
Profit Targets:
TP1: $0.00320 – test of near support
TP2: $0.00295 – previous consolidation area
TP3: $0.00275 – full wedge breakdown projection
Risk-Reward Snapshot:
Reward Potential (TP2): ~13–15%
Risk (SL): ~3–4%
R/R Ratio: Favorable for tactical short
Pro Tip:
Avoid front-running – let the breakdown confirm with a strong red candle and volume spike.
Set alerts at $0.00338 to monitor if support gives way.
