$ATM /USDT Trading Signal - Consolidation Before Breakout?

Current Price: $2.399

24H Range: $2.196 - $2.500

Analysis:

ATM is showing strong bullish momentum with a 9% gain, reaching $2.500 before retracing slightly. The price is holding above EMA(7) at $2.331 and EMA(25) at $2.303, indicating that buyers are still active. Consolidation near $2.400 suggests a potential breakout if volume picks up.

Potential Setup:

Entry Zone: $2.380 - $2.420

Targets:

Target 1: $2.450

Target 2: $2.500

Target 3: $2.550

Stop Loss: $2.300

Observation:

The current consolidation phase offers an opportunity for traders to position for the next move. A breakout above $2.420 could trigger further upside, while a drop below $2.300 may signal a short-term pullback.

Actionable Advice:

Look for a confirmed breakout above $2.420 for an entry.

Secure profits at each target level and trail stop-loss levels to minimize risk.

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