After a decent short-term rally, $NOT is starting to show signs of exhaustion. The price is struggling to push higher and has faced rejection at key resistance levels. Technical indicators are flashing red, and a potential short trade setup is coming into play.
Let’s break it down:
---
Current Price:
$0.003338 (+5.87%) – Despite the gain, momentum is fading.
---
Key Technical Levels:
Resistance Zones: $0.003500 and $0.003600
Support Zones: $0.003300 and $0.003100
The price recently tested $0.003579 but failed to break through, which is a clear sign of buyer fatigue.
---
Short Trade Setup (Bearish Strategy):
Entry Zone: $0.003350 – $0.003370
Take Profit Targets:
🎯 TP1: $0.003200
🎯 TP2: $0.003100
🎯 TP3: $0.002950
Stop Loss: 🛑 $0.003600
This setup is designed for traders looking to profit from a potential downside move.
---
Market Insight: Double Top Pattern Detected
The chart is showing a double top formation—a classic bearish reversal pattern. The price attempted to break higher but got rejected near the same resistance level twice, suggesting strong selling pressure.
If the price breaks below $0.003320, it could confirm the breakdown and open the doors for a deeper correction.
---
Pro Tip: Watch the Volume Closely
Volume has been declining, which indicates that bullish momentum is drying up. If the price drops below $0.003300 with increasing sell volume, expect a fast move down to the next support zones.
---
Final Thoughts:
$NOT is in a critical position. The price structure, bearish chart pattern, and falling volume are all lining up to support a potential short opportunity. While nothing is guaranteed in crypto, the risk-to-reward ratio on this setup looks favorable—as long as you manage your stop-loss properly.
Summary:
A break below $0.003320 confirms bearish potential
Strong support at $0.003100 and $0.002950
Trade smart, use stops, and monitor volume
Short the breakdown—but do it with precision and discipline.
#NOT #noobtoprotrader #TradeLessons #NewsTrade #TrumpTariffs $NOT