Price broke through previous resistance, making a new high and is now pulling back.
Price already reached BZ1, i'm comfortable filling orders down to BZ 3 with the expectation
that this is a bullish pullback, targeting TP 1 & TP 2. In my opinion price would need to
pull back to take out the Major resistance level but when that time comes we'll see.
Trade offers very nice RR, additionally Atom has reclaimed a major support level and is
making Higher Lows
Price already reached BZ1, i'm comfortable filling orders down to BZ 3 with the expectation
that this is a bullish pullback, targeting TP 1 & TP 2. In my opinion price would need to
pull back to take out the Major resistance level but when that time comes we'll see.
Trade offers very nice RR, additionally Atom has reclaimed a major support level and is
making Higher Lows
Note
All bids filled. Let's seeNote
As price pulled back to BZ3, i'm not too optimistic about the previous take profit levels. I'm projecting updated TP levels at 3000 and 3250 respectively before the other levelsNote
Updated TP Level of 3000 hit, now price is pulling back. BTC is no longer stable so alt plays are very risky but ATOM seems to have done well during the sell off which can be seen as a sign of strength. Watching PA carefullyNote
Stopped out on remaining position at a small lost.
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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.