This chart reveals a high-conviction bottoming pattern for NOT (Threshold Network) that smart traders are positioning for now.
After a prolonged downtrend from December 2024 highs, NOT has formed a critical double bottom at $0.00225 with clear accumulation signs. The recent breakout from the horizontal resistance (orange line) at $0.003 signals the start of a powerful reversal move.
Technical Setup:
- Double bottom formation completed
- Volume increasing on breakout candles
- Entry triggered at $0.00273
- First target: Previous structural resistance at $0.0056 (+100% potential)
- Projected wave structure suggests impulse move forming
Why This Matters:
NOT has been severely oversold, dropping 78% from December highs. The current technical structure shows smart money accumulation before a major sentiment shift.
The projected move targets a retest of the $0.0056 zone by May, which would represent a clean 100%+ gain from entry. The setup shows multiple higher lows forming, confirming trend reversal.
This isn't just another bounce - the technical structure suggests the beginning of a new bullish cycle after completing a textbook correction phase.
After a prolonged downtrend from December 2024 highs, NOT has formed a critical double bottom at $0.00225 with clear accumulation signs. The recent breakout from the horizontal resistance (orange line) at $0.003 signals the start of a powerful reversal move.
Technical Setup:
- Double bottom formation completed
- Volume increasing on breakout candles
- Entry triggered at $0.00273
- First target: Previous structural resistance at $0.0056 (+100% potential)
- Projected wave structure suggests impulse move forming
Why This Matters:
NOT has been severely oversold, dropping 78% from December highs. The current technical structure shows smart money accumulation before a major sentiment shift.
The projected move targets a retest of the $0.0056 zone by May, which would represent a clean 100%+ gain from entry. The setup shows multiple higher lows forming, confirming trend reversal.
This isn't just another bounce - the technical structure suggests the beginning of a new bullish cycle after completing a textbook correction phase.
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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.
Related publications
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.