$ATM /USDT: Consolidation Phase with Breakout Potential
$ATM /USDT is currently trading at $2.156 on the 15-minute timeframe, reflecting a consolidation phase after a recent high of $2.311. With support near $2.090 and resistance at $2.210, the pair is positioned for a potential breakout. Traders can consider entering around $2.150, aiming for short-term targets at $2.180 (TP1), $2.210 (TP2), and $2.250 (TP3). To mitigate risks, a stop-loss at $2.090 is recommended.
The RSI at 43 indicates the price is neither overbought nor oversold, leaving room for movement in either direction. MACD shows mild bearish divergence, so caution is advised for potential pullbacks. This setup offers an opportunity for a quick rebound trade, but traders should monitor momentum closely. Gradually secure profits at each target level and trail stop-losses to protect gains.