🚀 ATOM/USDT – Falling Wedge Breakout in Progress
The price just broke out of a falling wedge for retesting the major support zone (🔵 4.32 to 4.185). This is a classic bullish reversal setup forming at the right spot.
📈 Long Bias Activated
Momentum is building for a potential multi-TP run if the breakout holds.
🟢 LONG Position Entry: 4.32 to 4.185
✅ Target1@ 4.383
✅ Target2 @ 4.456
✅ Target3 @ 4.552
✅ Target4 @ 4.663
🔴 Risk Level: Invalid below 4.185
🧠 Why it matters:
Wedge formations often lead to explosive breakouts. With the structure forming at demand, this could be a liquidity sweep followed by a rally.
POINT: Next Possible 🔴 Short Zone could be around 4.666
The price just broke out of a falling wedge for retesting the major support zone (🔵 4.32 to 4.185). This is a classic bullish reversal setup forming at the right spot.
📈 Long Bias Activated
Momentum is building for a potential multi-TP run if the breakout holds.
🟢 LONG Position Entry: 4.32 to 4.185
✅ Target1@ 4.383
✅ Target2 @ 4.456
✅ Target3 @ 4.552
✅ Target4 @ 4.663
🔴 Risk Level: Invalid below 4.185
🧠 Why it matters:
Wedge formations often lead to explosive breakouts. With the structure forming at demand, this could be a liquidity sweep followed by a rally.
POINT: Next Possible 🔴 Short Zone could be around 4.666
Trade closed manually
Closed the position with small profit, as its too slow to grow the price. it may go higher but I would not stay to watch it anymore. 
Telegram: t.me/Crypto_Sheykh
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/Crypto_Sheykh
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.