NOT/USDT - SMC Breakdown & Next Move!
๐ Price Update: $0.003033 (+8.67%)
๐ 24H High: $0.003047 | 24H Low: $0.002753
๐ 24H Volume: 3.74B NOT
๐ Market Structure & Candlestick Analysis
NOT/USDT has experienced a sharp decline from its peak, forming a clear downtrend on the 1W timeframe. Recent price action shows a potential relief bounce after hitting a support zone around $0.00275. However, the overall structure remains bearish unless a strong reversal confirmation appears.
๐น Key Resistance: $0.0038 - $0.0040
๐น Key Support: $0.00275 (recent bounce level)
A break and close above $0.0038 on higher volume could indicate a bullish shift, while a rejection would confirm continued downside.
๐ Technical Indicators & RSI Insights
โ๏ธ Moving Averages (MA10 & MA50): Bearish crossover, signaling continued weakness.
โ๏ธ MACD: Slight bullish divergence forming, but still in negative territoryโweak momentum for now.
โ๏ธ Stochastic RSI: Oversold but curling up, suggesting a short-term bounce before potential continuation.
โ๏ธ RSI Levels:
๐ธ RSI (6) = 22 (Oversold - short-term relief possible)
๐ธ RSI (14) = 39 (Bearish momentum)
๐ธ RSI (24) = 45 (Still below 50, indicating weakness)
While oversold conditions may trigger a temporary relief rally, the overall sentiment remains weak unless buyers step in with strong volume.
๐จ SMC Signal - Smart Money Concept ๐จ
๐ข Signal: BEARISH CONTINUATION IF REJECTED BELOW $0.0038
๐ป Entry: $0.0035 - $0.0038 (Short zone)
๐ฏ Target 1: $0.00275 (Recent support)
๐ฏ Target 2: $0.0022 (Next demand zone)
โ Invalidation: Close above $0.0040
SMC indicates liquidity grab above $0.0035-$0.0038, with smart money likely distributing before another leg down. Short traders may look for rejections near resistance for a continuation play.
๐ฅ Final Take:
NOT/USDT is at a critical juncture. If resistance at $0.0038 holds, expect another downward move. However, if bulls reclaim that level with volume, short-term reversal potential increases. Trade cautiously!
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