ATA - A strong candidate for a big pump!😁 Automat Network – an interesting name… Ranked 618 on CoinMarketCap, a low-liquidity asset.
They’ve pushed the price down significantly, trapping newbies.
“Invest $1,000, Ivan the Fool, and you’ll get $10,000, but without the three zeros.”
❗️ Currently, the price has stabilized after a -97% drop, just like many other new altcoins. However, this altcoin is from the 2021 cycle, which doesn’t matter much anymore – the price has been heavily dumped, but the asset hasn’t been pumped yet.
🟢 The downtrend is nearing its end, and a reversal is expected, aligning with the altcoin market’s preparation for a new season.
However, keep in mind that the asset could still dip further into the capitulation zone, although this might not happen. At this point, the price is at its lowest, and if you’re considering a medium-term position, you can buy in and not worry too much.
⚙️ Trigger order recommendations:
• Place an order below at $0.0693.
• Alternatively, place it on the breakout at $0.1738 (slightly more expensive but less risky).
Note: there could be a fake breakout from the current zone, so account for the risks. The price is currently being “squeezed,” with stop orders being collected from margin traders.
✔️ If you’re using margin trading:
• Do not exceed 1.6-2x, with a maximum of 3x leverage.
• Higher leverage will likely lead to full liquidation.
• Stick to risk management: if the price drops lower, have a “safety cushion” prepared in advance to act when needed.
🎄 With the holiday season approaching, there’s a chance for a reversal or at least a breakout from the current channel.
⚠️ Profit-taking zones:
• The first target is $0.38 (a +238% gain from the current price).
• However, it’s better to set slightly lower targets to secure profits before the mass take-profit zones hit.
If the asset breaks out of the range, there may be some consolidation and a continuation of the trend. The chart looks similar to many other low-liquidity altcoins, but this one has the potential to deliver excellent returns.
Important: Stick to your strategy, avoid impulsive decisions, and always consider the low liquidity of the asset!
