ATOM: Resistance Breakout
Trade setup: Price is in an Uptrend. It broke above $12 resistance, where it got rejected in late 2023, which signals resumption of uptrend, with +12% upside potential to $13.50 near-term. Stop Loss level at $11.10
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $12.00, which it broke, then $13.50.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $12.00, which it broke, then $13.50.
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