NOT - 1H Bearish in the channel

The chart of NOTUSDT in the 1-hour timeframe indicates a strong bearish trend. The price has been moving consistently within a descending channel, and recent price action shows consolidation below a well-defined resistance zone.

This setup suggests that the asset may experience further declines, adhering to the channel's pattern. Traders should watch for a possible move toward the lower boundary of the channel, as the resistance zone could continue to exert downward pressure on the price.

Note

Not coin fell to 0.013 as expected, but it rose to the resistance zone first. The support zone acted very well, and now it’s making a higher low. Do you think this indicates the price will rise?

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