Just hours before the FED speaks, 
ATOM is navigating on the lower side of its previous range.
After a retest of the low confluence zone, short has been activated after the H4 break down.
Now, 2 options:
1. FED is priced in -> lookout for a break up H4 to cut short position and wait on the sideline
2. FED is not priced in (aka bad news) -> acceleration of the downtrend, most probably, with TP1 & TP2 ready to be made
Just ideas, crypto ideas.
ATOM is navigating on the lower side of its previous range. After a retest of the low confluence zone, short has been activated after the H4 break down.
Now, 2 options:
1. FED is priced in -> lookout for a break up H4 to cut short position and wait on the sideline
2. FED is not priced in (aka bad news) -> acceleration of the downtrend, most probably, with TP1 & TP2 ready to be made
Just ideas, crypto ideas.
Note
Out 90%.Played out nicely
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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.