NOTUSDT Analysis

Hey traders!
Taking a look at NOTUSDT, we can see it's currently trading within a mini ascending channel.

Bullish Scenario:

If we see an increase in buying pressure and volume, along with a break above the $0.007050 resistance level, we could see NOTUSDT continue its upward momentum towards the $0.007500 resistance. A confirmed break above $0.007500 could potentially open the doors for further gains, targeting the $0.007800 level and extending the uptrend within a broader macro ascending channel.

Key Resistance Levels:

• $0.007050
  
• $0.007500
  
• $0.007800
  

Bearish Scenario:
On the flip side, if the price breaks down below the ascending channel's support and confirms a close below it, we could see a significant pullback. The $0.006700 and $0.006500 levels would be the initial support zones to watch. However, a further decline could lead the price towards the historical support zone between $0.005500 and $0.005600.

Remember:

1. This is just my personal analysis, and it's crucial to conduct your own research and consider your risk tolerance before making any trading decisions.
   
2. Keep an eye on trading volume and price action for confirmation of any potential breakouts or breakdowns.
   
3. Consider setting stop-loss orders to manage your risk effectively.
   

Let me know if you have any questions or thoughts!

Happy trading!