ATOM SPOT Position Idea
Hey everyone,
ATOM is still undervalued and would possibly expand in the near future.
We can see on ATOM Chart the following PO3 pattern which is divided into 3 trading steps.
The 1st one is the accumulation phase
2nd one the manipulation phase, that break below the accumulation area, to trap traders into short positions.
3rd one is the distribution/expansion phase, that means if we break above $6 and stay above that would possibly mean the price will expand up to $30.
This is just speculations, we will monitor but its not a bad idea for a SPOT position since the price is very much below All Time Highs.
*Trade at your own risk, this is just speculations.
*Trade responsibly.
ATOM is still undervalued and would possibly expand in the near future.
We can see on ATOM Chart the following PO3 pattern which is divided into 3 trading steps.
The 1st one is the accumulation phase
2nd one the manipulation phase, that break below the accumulation area, to trap traders into short positions.
3rd one is the distribution/expansion phase, that means if we break above $6 and stay above that would possibly mean the price will expand up to $30.
This is just speculations, we will monitor but its not a bad idea for a SPOT position since the price is very much below All Time Highs.
*Trade at your own risk, this is just speculations.
*Trade responsibly.
Trade active
Anyone in this trade? :)
Closing 20% for profit , leave the rest
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.
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.