ATH/USDT Going for ATH

Here’s the breakdown of what’s shown:
• Price Action:
The chart shows a massive spike in price on September 8th, followed by a retracement and consolidation phase.
Currently, the price is trading at 0.04634 USDT, with slight bullish movement (+1.58%).
• Indicators:
• Moving averages (likely EMA 9 & 21) are plotted, and the price is staying above them, showing bullish support.
• Volume spiked heavily during the breakout and has since decreased while consolidation is happening.
• Trade Setup (Highlighted Zone):
• Entry: Around the current price (0.0463 USDT).
• Stop Loss: Just below 0.0422–0.0423 support zone.
• Target Zone: Extends upward past 0.054 (previous high), indicating a long trade setup with a good risk-to-reward ratio.
• Support & Resistance:
• Support 1: 0.04225 – 0.04235
• Support 2: 0.03722 – 0.03724
• Resistance: 0.05466 (recent swing high)

👉 Overall, this looks like a bullish continuation setup after a breakout, with price consolidating in a higher range before a possible push toward the recent highs