Cosmos (ATOM): Buyers Showing Strong Dominance Breaking 200EMA
Cosmos coin has recently broken out from the 200 EMA mark, which has been holding the price down for quite some time.
Now as we see some sort of volume to build above the EMA, we are looking for a strong candle to form here, which then would form a BOS on smaller timeframes.
We are seeing a good opportunity here with good R:R, so let's try; if we see the price fall back below 200 EMA, then our target is the bearish CME gap and even lower from there, but for now we are looking for long!
Swallow Team
Now as we see some sort of volume to build above the EMA, we are looking for a strong candle to form here, which then would form a BOS on smaller timeframes.
We are seeing a good opportunity here with good R:R, so let's try; if we see the price fall back below 200 EMA, then our target is the bearish CME gap and even lower from there, but for now we are looking for long!
Swallow Team
Trade closed: stop reached
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.