$NOT just triggered a long liquidation of $1.5507K at $0.00064. This correction is healthy because it clears weak longs and allows the market to consolidate, forming a stronger base for the next upward move. Pullbacks like this often indicate buyers are preparing to step back in.
Trade Setup:
Entry Zone: $0.000635 – $0.000645
Target 1: $0.00066
Target 2: $0.00068
Stop Loss: $0.00063
I’m watching this zone closely because it aligns with previous support and a 0.618 Fibonacci retracement from the recent swing. They’re building strength here, and if this level holds, we could see a push toward Target 1 and potentially Target 2.
This area is strong because buyers have historically stepped in at this reaction zone, creating a reliable support level. The recent long liquidation clears weak hands, leaving the market ready for a cleaner upward move.
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NOT
0.0006
-3.06%
