Macro Trend:
Since its launch, NOT has been moving steadily inside a descending channel, losing around 95% from the top.
Currently, weโre seeing the second major consolidation zone forming โ just like the first one earlier in the trend.
๐ Whatโs Next?
We're at a crossroad:
Either a third accumulation range is building inside the downtrend,
Or this consolidation is setting the stage for a trend reversal.
You can bet on either scenario โ just make sure your risk management accounts for both.
โ ๏ธ Important Reminder:
Assets like this donโt have a classic "bottom."
โ๏ธ It's a high-risk zone, but the reward potential is also significant.
๐ Personally, I lean towards the bullish scenario.
But let the market show its hand โ we donโt trade hope, we trade price action.
