NOTUSDT — Descending Triangle Support! Breakout or Breakdown?Currently, NOT/USDT is trading at a decisive point after a long downtrend. The chart clearly forms a Descending Triangle, a classic pattern that often signals bearish continuation, but under certain conditions can turn into a bullish reversal if a strong breakout occurs.
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🔎 Pattern & Context
Main Pattern: Descending Triangle (consistent lower highs + strong horizontal support).
Support Zone: 0.0016 – 0.0019 (yellow box). This zone has been tested multiple times, showing buyers are still defending it.
Previous Trend: Strong bearish trend → favors breakdown, but reversal potential remains if bulls manage to break above the descending trendline.
Momentum: Price is being squeezed at the apex of the triangle → a major move is likely imminent.
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🟢 Bullish Scenario (Upside Breakout)
If price successfully breaks above the descending trendline with a 2D close + strong volume, a reversal setup will be triggered.
🎯 Bullish Targets:
First target: 0.002356 (nearest resistance).
Next targets: 0.003118 → 0.005822.
If strong momentum continues → potential extension toward 0.0093 – 0.0163 (resistance levels shown on chart).
📌 Validation: Breakout + successful retest of the trendline (turning into new support) increases bullish probability.
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🔴 Bearish Scenario (Downside Breakdown)
If price fails to hold the 0.0016 – 0.0019 support zone, the descending triangle plays out as a bearish continuation pattern.
🎯 Bearish Targets:
Initial target: 0.0010 (previous major low).
If selling pressure accelerates → potential formation of new lows below 0.0010.
📌 Validation: 2D candle close below 0.0016 with strong volume + failed retest = confirmed breakdown.
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📌 Conclusion & Key Notes
0.0016 – 0.0019 is the key decision zone. Holding it opens the door for a bullish reversal, while breaking it signals continuation of the downtrend.
A major move is approaching as price gets compressed at the triangle’s apex.
Watch out for false breakouts / breakdowns → always wait for volume confirmation.
Strict risk management is crucial, especially for low-cap coins with high volatility and manipulation risks.
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