The NOT currency trend is getting stronger, and opportunities for high short positions appear!
Recently, the trading volume of NOT coins has increased significantly on the hourly level, and market enthusiasm seems to be heating up. Although we considered going short in the morning, the strong performance of NOT caused us to temporarily slow down our pace. However, as the market rebounds, there is now a good opportunity to be bearish again.
What cannot be ignored is that the key resistance level above is locked in the range of 0.022-0.024. If the currency price shows signs of weakness within this range, it is undoubtedly an excellent time to open a short position. However, we must also be wary of the strong rebound of NOT coins, so we need to carefully manage risks when shorting.
In order to ensure the safety of your investment, it is recommended to open a short position within the range of 0.022-0.024 and set a strict stop loss line of 0.025. Once the currency price breaks through this price, be sure to stop losses decisively to avoid further losses.
It should be emphasized that the above views only represent personal analysis and do not constitute any investment advice. The cryptocurrency market is highly volatile, so investment needs to be cautious. When making decisions, please be sure to fully consider your personal risk tolerance and operate with caution.
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