ATOM Swing Trade
Looking at a good opportunity if we can hit the golden pocket on the fib retracement, although I'm not sure we will with the support range.
On the FA side, I anticipate a leg up similar to LUNA as these assets were grossly underpriced.
On the TA side, we have been able to reverse market structure, and break through a previous resistance, along with a weak double bottom. Further, our TP of 42 at the 0.618 line is reasonable as it is below our next resistance level.
(Another trade I might explore is another FIB extension once we hit 0.618 with a new setup to see if we cant get acrross that higher range).
On the FA side, I anticipate a leg up similar to LUNA as these assets were grossly underpriced.
On the TA side, we have been able to reverse market structure, and break through a previous resistance, along with a weak double bottom. Further, our TP of 42 at the 0.618 line is reasonable as it is below our next resistance level.
(Another trade I might explore is another FIB extension once we hit 0.618 with a new setup to see if we cant get acrross that higher range).
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