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📉 Coin Name: #ATA/USDT
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Analyzing ATA's 4-hour timeframe reveals a formation of a rising wedge pattern, indicating a potential bearish trend. The recent breakout of the resistance line further strengthens this bearish sentiment.
To seize this bearish opportunity:
- Entry Point: Identified at 0.1808
- Take Profit (TP) Level: Set at 0.1681 to capture downward movement potential.
- Stop-Loss (SL) Order: Placed at 0.1943 to mitigate risks if the trade goes against expectations.
In essence, the analysis points towards a bearish outlook on ATA, with an entry point at 0.1808, TP at 0.1681, and SL at 0.1943. This strategy aims to capitalize on the anticipated downward movement post the rising wedge breakout.
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