NOT/USDT: The Reversal PlayThis 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.