Based on the provided chart, here's an analysis for the given assets:
1. $ATA (Automata Network):
Current Price: $0.2045
Percentage Change: +100.88%
Analysis: ATA has surged significantly, indicating strong momentum. However, it is overbought and could experience a correction.
Entry: Avoid entering long positions now. Consider a short entry if the price shows rejection at resistance near $0.2100.
Stop Loss: $0.2150
Target: $0.1800 (short).
2. $SCRT (Secret Network):
Current Price: $0.5692
Percentage Change: +45.20%
Analysis: SCRT's rally seems strong but less overextended compared to ATA. This could provide a better opportunity for a pullback entry for long positions.
Entry: Long at $0.5500 if the price retraces and shows support.
Stop Loss: $0.5200
Target: $0.6000 (long).
3. $STEEM :
Current Price: $0.2744
Percentage Change: +26.45%
Analysis: STEEM has moderate gains, indicating steady growth. This may provide a good swing trade opportunity.
Entry: Long above $0.2800 if momentum continues.
Stop Loss: $0.2600
Target: $0.3100 (long).
Summary:
ATA: Avoid long; consider short near resistance.
SCRT: Look for a pullback to enter long.
STEEM: Favor long above $0.2800 if bullish continuation occurs.
Always ensure proper risk management and adjust stop-loss levels based on volatility.
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