✍️👈 A brief technical analysis for immediate trading concerning the trading pair NOT/USDT on the Binance platform, here is:
📊 Market Overview
- Current price: 0.001853 USDT
- Daily change percentage: +2.43%
- Highest price in 24 hours: 0.001917 USDT
- Lowest price in 24 hours: 0.001793 USDT
- Trading volume (NOT): 1.13 billion
- Trading volume (USDT): 2.10 million
📈 Technical Analysis
- Moving Averages:
- MA(7): 0.001853
- MA(25): 0.001844
- MA(99): 0.001852
⟶ The convergence of the averages indicates a state of relative equilibrium, with a slight upward bias.
- Relative Strength Index RSI(6): 56.2
⟶ Indicates that the market is in a neutral zone slightly leaning towards buying, without being overbought.
- Candlestick chart: Shows limited volatility with attempts to break resistance at 0.001917.
🧭 Technical Recommendations
- Nearby support: 0.001793
- Nearby resistance: 0.001917
- General trend: Neutral to bullish in the short term, provided it stays above 0.00184.
🛠️ Tips for Immediate Trading
- Monitor the break of resistance at 0.001917 to confirm the continuation of the upward trend.
- If the support at 0.001793 is broken, we might witness a correction towards 0.00175.
- Use a stop-loss below support to reduce risks.