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AT/USDT under the microscope 🔍 - A potential buying opportunity is near [SPOT only]
📈 Technical overview:
• Price action: A sideways correction and an attempt to stabilize around the recent low of 0.0929, with the current price at 0.0995 (+2.68%). The price is facing resistance from the moving averages and needs a sustained breakout above 0.1064 to confirm a reversal.
• Indicators (RSI & MACD): A notable decline in downward momentum on the MACD, with the red bars shrinking, while the RSI has settled in deeply oversold territory at (28.53). This reflects smart accumulation and a determined attempt to build a rebound base.
🎯 Strategic trading plan (enter in stages):
• Buy (Stage 1): Enter with a small portion at the current price of 0.0995 to take advantage of the bottoming accumulation phase.
• Buy (Stage 2): Add to the position with limit orders at nearby support at 0.0940, or after a confirmed breakout above 0.1064 and a close above it.
• Target 1: 0.1064 🔥 (Expected profit: +6.9%) - [Probability: 85%]
• Target 2: 0.1180 🔥 (Expected profit: +18.5%) - [Probability: 60%]
• Target 3: 0.1316 🔥 (Expected profit: +32.2%) - [Probability: 40%]
• Strict stop-loss: A break below the recent low and a 4-hour candle close below 0.0920.
💡 Adhering to risk management, dividing your capital, and being patient are key to staying in the market and achieving success.
$AT #AT #CryptoAnalysis #TechnicalAnalysis #BinanceSquare $AT
AT/USDT under the microscope 🔍 - A potential buying opportunity is near [SPOT only]
📈 Technical overview:
• Price action: A sideways correction and an attempt to stabilize around the recent low of 0.0929, with the current price at 0.0995 (+2.68%). The price is facing resistance from the moving averages and needs a sustained breakout above 0.1064 to confirm a reversal.
• Indicators (RSI & MACD): A notable decline in downward momentum on the MACD, with the red bars shrinking, while the RSI has settled in deeply oversold territory at (28.53). This reflects smart accumulation and a determined attempt to build a rebound base.
🎯 Strategic trading plan (enter in stages):
• Buy (Stage 1): Enter with a small portion at the current price of 0.0995 to take advantage of the bottoming accumulation phase.
• Buy (Stage 2): Add to the position with limit orders at nearby support at 0.0940, or after a confirmed breakout above 0.1064 and a close above it.
• Target 1: 0.1064 🔥 (Expected profit: +6.9%) - [Probability: 85%]
• Target 2: 0.1180 🔥 (Expected profit: +18.5%) - [Probability: 60%]
• Target 3: 0.1316 🔥 (Expected profit: +32.2%) - [Probability: 40%]
• Strict stop-loss: A break below the recent low and a 4-hour candle close below 0.0920.
💡 Adhering to risk management, dividing your capital, and being patient are key to staying in the market and achieving success.
$AT #AT #CryptoAnalysis #TechnicalAnalysis #BinanceSquare $AT
