Fatom is showing some strength here by setting higher lows and higher highs into a resistance which has held since september 20th. A break and close above this level with good volume, would make for a very interesting long set-up.
Im watching and waiting for a close above 0.00000158 before entering, afterwards, i'm targeting 0.00000169 (7.30%). Watch how price reacts to that level, if it closes above, target 0.00000183 for a total of 15.88% profit.
If you want to play it on the safe side, i would pre-set a sell for 30% of your position at 0.00000169 to lock in some profit. You can always re-enter on a retest or clear close above 0.00000169.
Mind you i'm posting this as a way to share an idea i have. I am by no means a financial adviser or an experienced trader for that matter.
Order cancelled
The described set-up no longer looks interesting. Clear breakdown of the local uptrend (drawn in chart).
A clear example of not rushing into a trade, no matter how good the chart looks. In my trade idea i mentioned i was waiting for a clear close above 158 sats before entering. As it did not close above, i did not enter.
The local uptrend broke (higher lows), as far as where we're going next: i don't know. I'll wait for a good looking set-up to appear.
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.