$NOT — the previous hypothesis has already been invalidated
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The day closed below 0.000419. The previous hypothesis that support would hold has been invalidated, despite the subsequent price recovery above the level.
The new scenario for $NOT requires a daily close above 0.00044 and a hold on a pullback. Then the historical weekly area of 0.000476 will become the target.
A daily close of $NOT below 0.000399 will invalidate the new hypothesis of a recovery from the latest local low.
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The day closed below 0.000419. The previous hypothesis that support would hold has been invalidated, despite the subsequent price recovery above the level.
The new scenario for $NOT requires a daily close above 0.00044 and a hold on a pullback. Then the historical weekly area of 0.000476 will become the target.
A daily close of $NOT below 0.000399 will invalidate the new hypothesis of a recovery from the latest local low.