NOT/USDT Technical Analysis (15-Minute Chart)

• Price Action: NOT/USDT is currently trading at 0.006918, showing a -2.38% decline. The price made a recent low at 0.006788 but managed to bounce slightly, indicating a potential support level forming.

• EMA Levels:

• EMA(7): 0.006935 (acting as resistance)

• EMA(25): 0.006931

• EMA(99): 0.007009

The price is currently trading below the key EMA levels, confirming a bearish trend in the short term.

• Stochastic RSI: The Stochastic RSI is at 54.03, showing a neutral position but trending downward. A further move to the lower range could indicate another bearish push if the trend continues.

• MACD: The MACD is showing little momentum with 0.000010, suggesting indecisiveness. Although the MACD histogram shows some recent bullish divergence, this could be temporary, as the momentum is weak.

• RSI Levels:

• RSI(6): 46.62

• RSI(12): 48.49

• RSI(24): 46.87

The RSI values show weakness, indicating the bears are in control for now, with no clear reversal signal yet.

Trading Strategy

Short Strategy:

• Entry: Consider entering a short position near the EMA(7) at 0.006935, as this level is acting as resistance and may push the price lower.

• Take Profit: Target previous support levels at 0.006800 and 0.006750.

• Stop Loss: Set a stop loss above the EMA(25) at 0.007000 to manage risk.

Long Strategy:

• Entry: Enter long if price breaks above the EMA(7) at 0.006950, confirming a potential bullish reversal.

• Take Profit: Target 0.007050 and 0.007100 for short-term gains.

• Stop Loss: Set a stop loss below 0.006780 to limit downside risk.

This analysis shows that the market is leaning bearish, but oversold conditions could lead to a temporary bounce if bulls regain control. Keep a close eye on the EMAs and volume for better confirmation of trend direction.