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.
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.