$NOT
BEARISH REJECTION SIGNALING POTENTIAL DOWNSIDE CONTINUATION
$NOT is showing a bearish market structure after failing to reclaim the upper resistance band. Price remains capped below key moving averages, indicating seller dominance and weak bullish follow-through. The recent push higher appears corrective within a broader bearish context, with supply actively defending overhead levels.
The structure suggests lower highs forming beneath resistance, increasing the probability of a downside continuation toward nearby demand zones. As long as price stays below the resistance cluster, bearish pressure is expected to persist.
SELL ZONE:
0.0005000 – 0.0005300
TARGETS (TP):
TP1: 0.0004730
TP2: 0.0004495
TP3: 0.0004440
STOP LOSS (SL):
Above 0.0005600
RISK MANAGEMENT:
Risk only 1–2% per trade, wait for rejection confirmation at resistance, and secure partial profits at each target.