(ATOM-USD) How low will it go??
Falling with the market from it's highs ATOM is quickly approach it's longest historic resistance level. Being such a young chart it's the best level that can be found with such little history.
Being that this will be the third testing of this resistance level in the last calendar month, there's a decent chance it breaks this resistance level and heads to a more recent level of resistance while still respecting the supporting floor trend-line.
Looking at the best R/R setup to go LONG if price-action breaks the first line of resistance and still respects the supporting floor trend-line. So somewhere between ~$4.50 and ~$5.25 might serve as a entry point.
Being that this will be the third testing of this resistance level in the last calendar month, there's a decent chance it breaks this resistance level and heads to a more recent level of resistance while still respecting the supporting floor trend-line.
Looking at the best R/R setup to go LONG if price-action breaks the first line of resistance and still respects the supporting floor trend-line. So somewhere between ~$4.50 and ~$5.25 might serve as a entry point.
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