✍️ Complete the technical analysis for the NOT/USDT pair by adding two important indicators: MACD and Bollinger Bands.
🌀 MACD Indicator (Momentum and Reversal)
- The fast line (MACD Line) is very close to the slow line (Signal Line), with a slight bullish crossover.
⟶ This indicates the beginning of positive momentum and the possibility of an upcoming upward move.
- The Histogram shows small green bars
⟶ This reinforces the likelihood of a continued upward trend in the short term.
📉 Bollinger Bands (Volatility Analysis)
- The current price is close to the upper limit of the range, which means:
- There is ongoing buying pressure.
- If a clear breakout above the upper limit occurs with high trading volume, it could be the start of a new upward wave.
- However, if it fails to break out, the price may pull back slightly to test the middle average (the middle line of the Bollinger Bands).
🧭 Suggested Trading Plan
Element Recommendation
Entry Point Around 0.00184-0.00185 in case of a clear rebound signal
First Target 0.00192
Second Target (Extension) 0.00205
Stop Loss 0.00178
Strategy Monitor the three indicators as the price approaches the upper limit of the Bollinger Bands and confirm the MACD crossover