Technical analysis by whalebuzzz about Symbol NOT: Buy recommendation (3/10/2025)

This analysis focuses on Notcoin (NOTUSDT) on the Weekly timeframe, identifying a key demand zone that suggests a potential bullish reversal.Based on chart observation, the price of NOTUSDT is approaching a critical demand zone located between 0.001971 and 0.001561. This zone is anticipated to act as strong support, potentially marking a significant price low for the asset in the current market cycle.The expectation is that within this demand zone, buyers will step in with sufficient volume, leading to a change in the current price trend and initiating a bullish reversal. The presence of proper volume upon entering this zone will be crucial to confirm the strength of the demand and the likelihood of a sustainable upward movement.To illustrate the potential upside, Take Profit (TP) levels have been marked on the chart. These TP levels represent projected targets for the price following a successful bounce from the demand zone. Traders and investors should monitor price action closely as it interacts with this zone, looking for bullish confirmation signals such as:Increased buying volume: A surge in volume as the price tests the demand zone would indicate strong buyer interest.Bullish candlestick patterns: Formation of reversal candlestick patterns within the zone (e.g., bullish engulfing, hammer) could further validate the potential for an upward move.In summary: This analysis suggests that the 0.001971 - 0.001561 zone presents a significant opportunity for a potential bullish reversal in NOTUSDT on the weekly timeframe. Closely monitoring price action and volume within this zone is recommended to identify potential long entry opportunities, targeting the marked Take Profit levels as the asset recovers.