Technical analysis by mbarzakh about Symbol NOT: Buy recommendation (3/23/2025)

This 1-hour chart of NOT/USDT on Binance presents a well-defined Cup & Handle pattern, which is a strong bullish continuation formation. If the pattern plays out correctly, we could see an 11% price surge after a breakout above resistance.Understanding the Cup & Handle Pattern:🔹 The Cup: This rounded bottom structure indicates accumulation after a downtrend, signaling a shift from bearish to bullish sentiment. The market slowly builds momentum, forming higher lows.🔹 The Handle: After the cup formation, price faces resistance and consolidates slightly downward. This acts as a final shakeout before buyers regain control.🔹 Breakout Confirmation: A breakout above the yellow resistance zone (~0.002573) with strong volume would confirm the pattern, increasing the probability of a significant move.Volume confirmation is key to validate the breakout.If the price rejects resistance, further consolidation may occur before another breakout attempt.Always use proper risk management to protect your capital.🔥 What do you think about this setup? Drop your thoughts in the comments! Let’s grow together! 🚀📊 Chart by mbarzakh | Follow for more trading insights and updates!Cup & Handle pattern in Play NOW!🚀 The price is testing key resistance at $0.002573, and if it holds, we could see further upside momentum.Raised 4.31% Pattern in Play – What’s Next?✅ Breakout – a confirmed hold above $0.002573 could send the price higher!✅ Watch for a retest of the breakout zone as potential confirmation for a long entry if missed at support.✅ If rejected, watch the support zone for potential accumulation.✅ If the price dips, support could act as a re-entry zone.📌 Volume confirmation is key – A strong breakout needs solid buying pressure to sustain the move.