Massive Short Liquidation Alert on $NOT — What's Coming Next?
$NOT just triggered a short liquidation of $5,205.80 at the critical level of $0.002234 — a clear signal that the bears got caught off guard. This kind of forced exit often marks the beginning of a short-term reversal or even a trend shift.
What does it mean?
Shorts being liquidated means sellers were betting on a breakdown, but the price spiked against them. Now, momentum could flip in favor of bulls looking for a breakout.
Technical Analysis for $NOT
Buy Zone:
$0.002100 – $0.002230
This is a high-probability accumulation range. If the price retests this zone with volume support, it could be an ideal entry point.
Targets:
Target 1: $0.002450 — Minor resistance and profit-booking level
Target 2: $0.002720 — Strong resistance, breakout confirmation level
Target 3: $0.003080 — Momentum target if volume continues to support the move
Stop Loss:
$0.002050
Place your stop just below the lower boundary of the buy zone to minimize risk in case of a fakeout or bearish rejection.
Conclusion:
The recent short liquidation at $0.002234 may act as fuel for the next upward push. If bulls capitalize on the squeeze and sustain volume, $NOT could be gearing up for a breakout rally. Watch the buy zone closely — the next move could be fast and sharp.
