ATOM breaks out

Updated

In 2D time-frame, ATOM is breaking out its resistance trendline starting from February 2023. Good buy volumes show that this break-out is interesting.

In my opinion, it is a good moment to buy ATOM because if we consider range's low as SL and range's high as a final TP, we have a very good R:R = 7

Here is the view in weekly time-frame.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Trade closed manually

Wait for BTC to bounce from BER:33K to re-entrer

Trade active

ATOM is retesting the trendline and still hold well above it although BTC's drop.

Note

+12% from entry. Booked partial profit
Don't forget to move SL to entry because BTC is closed to strong resistance

Note

61% since entry

Note

ATOM is trying to breakout the mid-term trendline (starting from September 2022). If successful, ATOM will make the final rally to reach the final target of this trade.

evasivesteering

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by evasivesteering

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