ATOM - The Bomb?ATOM has had an enormous recovery surge currently 36% to take price to higher high.
This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.
However bearish divergence suggests there may be a correction coming first.
ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.
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Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.
Not advice