Long

ATOM going for the high

Updated

Larger timeframe it's looking like a post Spring Wyckoff pattern. However this looks like a nice trend line breakout. I have set an SL below the OB, and TP is just at the top of the last high. However I think it'll keep going so I will only TP 50% of the trade at that level.

Let's see how we get on!

Note

8 hours later still hugging that trendline, not ideal - but not invalidated. So hanging on to this trade :), might actually end up being an ascending triangle but we'll have to rechart it later.

Note

most coins dumped off btc correcting. I'm still holding this trade - when ATOM dumped it was immediately aggressively bought up, which you can see in the wicks on the chart. As such I am interested in holding this trade for a possible bump and run bottom to take it back to the planned TP

Note

Actually this is looking good on higher time frames, going to hold my TP as 26.591, but I reckon it may go to 27.5 - if you're on spot, not leverage like me I'd set that as your TP

Note

Still respecting that 21.5 floor, but this trade isn't looking so good at the moment.

Trade closed manually

Closed trade for a loss - not worth holding on to to the SL

YeOldeTradingAccount

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.