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.