On the 45-minute chart of NOT/USDT on Binance, we observe a potential short setup following the completion of a corrective wave (b). The price action suggests a continuation downward towards the 0.618 Fibonacci retracement level.
Key Levels:
0.618 Fibonacci Retracement: 0.01021
1.000 Fibonacci Extension: 0.00922
These levels represent possible targets for the corrective wave (c). Traders might consider entering short positions aiming for these levels, with stop-losses placed just above the recent high of wave (b) to minimize risk.
Key Levels:
0.618 Fibonacci Retracement: 0.01021
1.000 Fibonacci Extension: 0.00922
These levels represent possible targets for the corrective wave (c). Traders might consider entering short positions aiming for these levels, with stop-losses placed just above the recent high of wave (b) to minimize risk.
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