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Atletico

ATMUSDT (ATLETICO MADRID FAN TOKEN) - BULLISH SETUP ANALYSIS 🔎 - ATMUSDT is bounded in the ascending channel (AC). - Price is testing the ascending channel support. - Price action is printing a pennant (P) pattern. - A pennant pattern is a trend continuation pattern. - A bullish continuation pattern in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Stop limit entry : breakout above the pennant pattern's inclined resistance. - Limit entry : test of the pennant pattern's inclined support. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Ascending channel resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's inclined support. - This breakdown will lead to a test of the ascending channel support. - The ascending channel support is the next support zone.
Long
by Chibuike_Odoh
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