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Based on the analysis of the 4-hour time frame of ATA, it appears to be forming a rising wedge pattern. This pattern typically suggests a bearish outlook. Additionally, the breakout of the resistance line further supports this bearish sentiment.
To capitalize on this bearish opportunity, an entry point at 0.1808 is identified. The take profit (TP) level is set at 0.1681, aiming to capture potential downward movement in the price. To manage risk, a stop-loss (SL) order is placed at 0.1943 to limit potential losses in case the trade moves against expectations.
In summary, the analysis indicates a bearish stance on ATA, with an entry point at 0.1808, a take profit level at 0.1681, and a stop-loss level at 0.1943. This trade setup aims to capitalize on the anticipated downward movement following the breakout of the rising wedge pattern.
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