Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
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ATOM getting some bullish momentum
- Has set three higher highs
- After which price has retested the previous high every time
- Price followed the trendline
- Tested 50MA, retraced and broke through
- Now: retest 50 MA and previous high
If we break our current high of 5300 sats, we have no more resistance and could see ATOM surge towards the 6300 - 6500 sats zone.
Aggressive entry: now
Conservative entry: wait for break 5300 and buy on retest
TP1: 6300 - 6500 sats
TP2: 7500 sats
Aggressive SL: 4849 sats
Conservative SL: 5100 sats
How do you feel about this?