ATOM long or short?
ATOM formed double top near 17.06, the lowest price came to 11.81 (1.382), and then rose back above the trend line.
The circle marked in the figure is a small bear flag formed near the trend line, and then ATOM fell below the trend line again, the price came to 10.91 (1.618), and ATOM appeared a double bottom here.
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The current price is back to the trend line again. If ATOM closes above the trend line, you can enter the market with long order.
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ATOM stop loss price: 13.26, 11.81 and 10.91 (selected according to the ability to take risks, the closer the stop loss price is to the entry price, the higher the R/R ratio, but the greater the risk).
Take Profit Price: 16.95
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If ATOM does not close above the trend line, there is still a chance to reach the double top target at 9.46.
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The circle marked in the figure is a small bear flag formed near the trend line, and then ATOM fell below the trend line again, the price came to 10.91 (1.618), and ATOM appeared a double bottom here.
-
The current price is back to the trend line again. If ATOM closes above the trend line, you can enter the market with long order.
-
ATOM stop loss price: 13.26, 11.81 and 10.91 (selected according to the ability to take risks, the closer the stop loss price is to the entry price, the higher the R/R ratio, but the greater the risk).
Take Profit Price: 16.95
-
If ATOM does not close above the trend line, there is still a chance to reach the double top target at 9.46.
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