On the 45-minute chart of NOT/USDT on Binance, we observe a potential short setup following the completion of a corrective wave (b). The price action suggests a continuation downward towards the 0.618 Fibonacci retracement level.
Key Levels:
0.618 Fibonacci Retracement: 0.01021
1.000 Fibonacci Extension: 0.00922
These levels represent possible targets for the corrective wave (c). Traders might consider entering short positions aiming for these levels, with stop-losses placed just above the recent high of wave (b) to minimize risk.
Key Levels:
0.618 Fibonacci Retracement: 0.01021
1.000 Fibonacci Extension: 0.00922
These levels represent possible targets for the corrective wave (c). Traders might consider entering short positions aiming for these levels, with stop-losses placed just above the recent high of wave (b) to minimize risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.