$ATM

/USDT Technical Analysis Summary🔥💯

Current Price: 2.130 USDT

Trend: Bearish - slight downtrend observed in the last 24 hours with a -1.93% drop.

Key Support: 2.085 USDT (24h low)

Key Resistance: 2.235 USDT (24h high)

Technical Indicators:

Moving Averages (MA): The price is below short-term moving averages, indicating short-term bearish momentum.

Relative Strength Index (RSI): If under 30, expect a potential rebound; if over 70, potential overbought conditions could lead to a pullback.

MACD: A bearish cross may indicate a continuation of the downtrend in the near term.

Trade Signal:

Entry Signal: Consider buying near 2.085–2.090, if RSI confirms oversold conditions or bullish reversal.

Target Levels 🎯:

1. Target 1: 2.160 (Minor resistance, first short-term goal)

2. Target 2: 2.200 (Medium-term resistance, 50% Fibonacci retracement level)

3. Target 3: 2.235 (Key resistance, matching 24h high)

Stop-Loss: 2.080 (a break below this could confirm further downside)

Trade Momentum:

Bullish Momentum: If the price breaks above 2.160 and holds, aim for further upside movement.

Bearish Momentum: Watch for a break below 2.085, which could confirm a continuation of the downward trend.

Always monitor price action around support and resistance levels for optimal entry/exit decisions!

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