Breaking Support and Returning to Lower Levels

19 Ağu

The NOT price, after moving to the $0.0090 support level and collecting stop-losses in this area, has moved higher and is currently near a potential resistance zone. This area could be crucial for determining whether the upward trend will continue or if the price will return to lower levels.

Potential Scenarios:

Continuation of the Upward Trend:
If the price can stabilize above the $0.0090 level, it may move towards higher targets. This support level could act as a point for attracting new buyers and continuing the upward trend.
Breaking Support and Returning to Lower Levels:
If the price fails to stabilize above this level and returns below it, a correction to lower levels may occur, potentially forming a new low.