$NOT — the market has invalidated the previous scenario
Subscribe + like
The bearish scenario for $NOT had a predefined limit: a daily close above 0.000399. That limit has been breached, so the previous bearish outlook no longer applies.
Now $NOT faces a different test: resistance at 0.000414. A close above it, followed by holding that level on a pullback, would provide grounds for a new recovery scenario toward 0.000438.
For $NOT , this is still a conditional reversal: invalidating the bearish scenario does not, by itself, confirm a rise. The new recovery hypothesis will be invalidated by a daily close below 0.00038.
Subscribe + like
The bearish scenario for $NOT had a predefined limit: a daily close above 0.000399. That limit has been breached, so the previous bearish outlook no longer applies.
Now $NOT faces a different test: resistance at 0.000414. A close above it, followed by holding that level on a pullback, would provide grounds for a new recovery scenario toward 0.000438.
For $NOT , this is still a conditional reversal: invalidating the bearish scenario does not, by itself, confirm a rise. The new recovery hypothesis will be invalidated by a daily close below 0.00038.