Long
Updated

$ATOR: Privacy narrative

205
$MEXC:ATORUSDT

If ATOR keeps their promises this may become an important Token.

I am both an investor and a trader (please note I didn't use the word "good").
The investor is holding a bag of ATOR no matter what & just in case.
The trader is looking for targets to accumulate, ladder selling & ladder buying.

Price successfully tested the channel after the breakout as support. If it rises further beyond $0.45-0.47 we could see a local blow off top.

I am taking partial profits at the red levels, planning to buy back lower later (targets not set yet).
If the price dumps NOW (without further rise) I am looking to buy around the green levels.

Is this the right time to buy? I don't know. If I wouldn't hold some ATOR I would probably not be able to tame my FOMO and buy a small bag. I don't recommend to do what I am doing, I am just non compos mentis.

NFA.
Note
ATOR hit the first TP target at $0.052 (+15%) and immediately sold off - partly due to overall market conditions. We should not forget it is not really altcoin season, and alts are high risk.

Now the price has broken back into the channel as far as down to $0.36. It hit almost the median and is currently sitting at $0.41.

I don't like that. It could mean price could go down to the lower band of the channel and hit the $0.29 level where I will buy a M bag. If it convincingly bounces from there I will buy another bag (if volume comes in there I'll buy a L bag at the green zone, if it just bounces I might buy a 2nd M bag after it broke the median of the channel).

This rejection means price could easily break below the lower band of the channel instead of bouncing. In that case I expect volume to come it around the $0.13-0.20 zone where I will load up a L-XL bag (size related to the total funds I allocated to ATOR, NOT to my whole portfolio! ATOR isn't more than a 1% position of all my crypto.)

Summary: Wait and see. If price breaks to the upside again it's bullish obviously, otherwise we'll see accumulation opportunities. At this very moment I tend to expect a little more downside. I am not buying yet.

NFA. Please do your own research. This trade is risky as all crypto.
Note
ATOR hit TP3 at 72c. Up 50% from the first call.

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