From the ATA/USDT chart shown, the price is currently trading at $0.0997, with a strong upward movement (+8.84%) in the past 24 hours. The price has touched a 24-hour high of $0.1044 and a low of $0.0868. Key moving averages are positioned as follows:
MA(7): $0.0996
MA(25): $0.0945
MA(99): $0.0909
Trade Setup:
1. Long Entry: Consider entering a long position above $0.1000, confirming further bullish momentum.
2. Short Entry: A short entry is recommended below $0.0920, where bearish pressure might accelerate.
3. Stop-Loss Levels:
For long positions, place a stop-loss at $0.0945 (below the MA(25)).
For short positions, set a stop-loss at $0.1000 to minimize risk.
Price movement shows a recent bullish breakout, but caution is advised due to the resistance at $0.1044.
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