100-600% Potential on NOTUSD
A few weeks ago, I shared an optimistic outlook for this coin. However, the market did not align with my expectations and the price continued to decline within a descending channel.
Upon analyzing the chart, it's clear that price increases were accompanied by high trading volumes, while price drops occurred with minimal volumes. This pattern suggests that significant traders refrained from selling during price drops, leading to nearly no volume during corrections. Instead, these influential traders seem to be capitalizing on price upticks, driving strong upward movements in the price.
If you didn't get in last time, wait for a retracement to the 50-61.8% of the Fibonacci level, and don't trade what you can't afford losing.
Upon analyzing the chart, it's clear that price increases were accompanied by high trading volumes, while price drops occurred with minimal volumes. This pattern suggests that significant traders refrained from selling during price drops, leading to nearly no volume during corrections. Instead, these influential traders seem to be capitalizing on price upticks, driving strong upward movements in the price.
If you didn't get in last time, wait for a retracement to the 50-61.8% of the Fibonacci level, and don't trade what you can't afford losing.
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