ATOM Is Approaching a Key Support Level !

579
Following the major CH, ATOM made a bullish move and broke above an important bearish trendline. It is now pulling back toward this trendline.

Within the demand zone, you may look for buy/long opportunities after receiving proper confirmation. Be sure to manage your risk appropriately.

The targets are marked on the chart. We recommend moving your stop-loss to breakeven at the first target and securing a portion of your profits, so that any potential downside reversal does not erase your gains.

A daily candle close below the invalidation level will invalidate this bullish outlook.

If you would like us to analyze a coin or altcoin for you, first like this post, then comment the name of your altcoin below.

What is your opinion about COSMOS?
Trade fermée manuellement
The invalidation condition for this analysis was a daily candle close below the invalidation level. No daily candle closed below that level; however, the market maker swept the stops with a wick, triggering stop losses and shaking traders out of their positions.

From our entry zone, price moved more than 15% higher and successfully reached our first target. However, due to the stop hunt by the market maker, it wasn't the smoothest or most enjoyable move to trade.
snapshot

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.