$NOT was unable to stay above its median resistance region, returning to the support region due to the Fibonacci retracement at 0.382, close to $0.02, a sharp correction so far of -23%, reaching -35% at $0.017, which is a region support by the Fibonacci retracement at 0.5, this percentage of the correction is being measured from $0.026571 value reached in the medium resistance region 🤔
Yesterday I was analyzing some information in the Telegram community and one of them is that we are having the release of Vouchers so we understand a little about this profit taking that is helping to drive $NOT downwards. So far, after all this increase with more than 500% appreciation after its bottom, we are following a peaceful process of correction, in my opinion, shopping in the DCA model at $NOT would be a good strategy for those who know how to manage their risks
We have a Price action movement that could take the asset to $0.017 mainly because we have the Fibonacci retracement projection at this point as highlighted above 0.5, even using the Fibonacci extension in this movement we project the value of 1.618 to $0.1785
