ATOM hit old resistance at approx. 32.5$.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before price discovery mode! 36$ could also act as resistance.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before price discovery mode! 36$ could also act as resistance.
Trade closed: target reached
ATOM at last obstacle, reach 40$ target!
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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.