š Automat Network ā an interesting nameā¦ Ranked 618 on CoinMarketCap, a low-liquidity asset.
Theyāve pushed the price down significantly, trapping newbies.
āInvest $1,000, Ivan the Fool, and youāll get $10,000, but without the three zeros.ā
āļø Currently, the price has stabilized after a -97% drop, just like many other new altcoins. However, this altcoin is from the 2021 cycle, which doesnāt matter much anymore ā the price has been heavily dumped, but the asset hasnāt been pumped yet.
š¢ The downtrend is nearing its end, and a reversal is expected, aligning with the altcoin marketās preparation for a new season.
However, keep in mind that the asset could still dip further into the capitulation zone, although this might not happen. At this point, the price is at its lowest, and if youāre considering a medium-term position, you can buy in and not worry too much.
āļø Trigger order recommendations:
ā¢ Place an order below at $0.0693.
ā¢ Alternatively, place it on the breakout at $0.1738 (slightly more expensive but less risky).
Note: there could be a fake breakout from the current zone, so account for the risks. The price is currently being āsqueezed,ā with stop orders being collected from margin traders.
āļø If youāre using margin trading:
ā¢ Do not exceed 1.6-2x, with a maximum of 3x leverage.
ā¢ Higher leverage will likely lead to full liquidation.
ā¢ Stick to risk management: if the price drops lower, have a āsafety cushionā prepared in advance to act when needed.
š With the holiday season approaching, thereās a chance for a reversal or at least a breakout from the current channel.
ā ļø Profit-taking zones:
ā¢ The first target is $0.38 (a +238% gain from the current price).
ā¢ However, itās better to set slightly lower targets to secure profits before the mass take-profit zones hit.
If the asset breaks out of the range, there may be some consolidation and a continuation of the trend. The chart looks similar to many other low-liquidity altcoins, but this one has the potential to deliver excellent returns.
Important: Stick to your strategy, avoid impulsive decisions, and always consider the low liquidity of the asset!
Exit from the downward channel +100% in the moment, protect your profits!šØšØ
