ATOMUSDT
ATOMUSDT ATOM on of the best project in crypto currency and now with market going to retrace and crash , and its so good to buy some especially in the buy zone , if btc crash and going down maybe atom lost the support and expect to go down to 17$ , but if support from here expect to see 25$ again !
not financial advice
Moment of truth for $ATOM$ATOM has been down trending for several weeks, forming a descending triangle. Now price reached support at $23.5 but everything is in $BTC hands.
If you look at the RSI you can see a bullish divergence forming but this is not enough, waiting for more conformations.
I will only go long after a bounce from support with bullish volume followed by a breakout of the triangle's resistance!
I will only go short if price broke below support with huge selling volume:
Be reactive not predictive :)
ATOM 1W If the candle does not break the canal, you can enter
How do you know when to enter and exit a trade?
The safest strategy is to exit after a failed breakout or breakdown, taking the profit or loss, and re-entering if the price exceeds the high of the breakout or low of the breakdown. The re-entry makes sense because the recovery indicates that the failure has been overcome and that the underlying trend can resume.