NOTUSDT has experienced a significant upward movement, reaching the peak of wave (3) on the 15-minute chart. This rally is now showing signs of exhaustion, presenting a possible shorting opportunity as the price may correct in wave (4).
Key Fibonacci retracement levels to watch for wave (4) are:
0.382 at 0.01212
0.5 at 0.01188
These levels represent potential targets for the retracement, providing strategic points to enter short positions. Traders should consider this setup, especially if the price starts to break down towards these Fibonacci levels. As always, manage your risk carefully and monitor the price action closely to confirm the reversal. Stay alert and trade smart!
Key Fibonacci retracement levels to watch for wave (4) are:
0.382 at 0.01212
0.5 at 0.01188
These levels represent potential targets for the retracement, providing strategic points to enter short positions. Traders should consider this setup, especially if the price starts to break down towards these Fibonacci levels. As always, manage your risk carefully and monitor the price action closely to confirm the reversal. Stay alert and trade smart!
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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.
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.