Ethereum Set for Breakout as Bullish Pattern Forms

The cryptocurrency $ATOMUSDT is set for an upward move, showing signs of a classic trading setup. The coin has tested both ascending and descending channels, forming a clear bullish pennant pattern. Adding to the bullish case, a divergence on the 4-hour chart has been observed, which supports the potential for a rally. The detailed setup recommends entering at $4.419 with a stop-loss at $4.046. The profit targets are set at $4.609, $4.863, $5.164, and $5.774, utilizing leverage between 15x and 25x. The position size is $100,000, representing 1% of the total deposit, emphasizing prudent risk management. Immediate setting of take-profit orders on the exchange is crucial to lock in gains automatically, along with moving stop-loss to the breakout point after reaching the first target to protect profits. This analysis suggests a strong bullish outlook based on technical signals indicating a potential significant upward move. The formation of the bullish flag pattern and divergence points to positive momentum. Proper risk management strategies are vital to mitigate possible reversals or false breakouts, especially given the high leverage involved.