ATOMBTC has broken out large resistance trendline.
Traders can open a trade at current market price but bear in mind that we might see some retracement after the price hits 3231 satoshi.
3231 satoshi is a resistance level and so we might see some retracement from this level. Above this resistance, ATOMBTC will head towards our first Target.
Entry: You can either open a trade at the current market price or wait for some retracement.
Target 1: 3811 sat (around 23% profit)
Target 2: 4283 sat (around 37% profit)
Target 3: 5196 sat (around 66% profit)
Target 4: 6309 sat (around 102% profit)
Stop Loss: Personally i would place a stop loss below 2900 satoshi. But it is your choice depending on how much you can afford to lose.
PS: Target 1 is a strong resistance level since it has acted as resistance in the past + the 200 EMA is around that level which acts as a dynamic resistance.
Traders can open a trade at current market price but bear in mind that we might see some retracement after the price hits 3231 satoshi.
3231 satoshi is a resistance level and so we might see some retracement from this level. Above this resistance, ATOMBTC will head towards our first Target.
Entry: You can either open a trade at the current market price or wait for some retracement.
Target 1: 3811 sat (around 23% profit)
Target 2: 4283 sat (around 37% profit)
Target 3: 5196 sat (around 66% profit)
Target 4: 6309 sat (around 102% profit)
Stop Loss: Personally i would place a stop loss below 2900 satoshi. But it is your choice depending on how much you can afford to lose.
PS: Target 1 is a strong resistance level since it has acted as resistance in the past + the 200 EMA is around that level which acts as a dynamic resistance.
Trade closed: target reached:
ATOMBTC now hit the first target. Easily Booked 22% within 3 days. There is still more room to grow. Note that we can expect some retracement from this point before heading towards target 2
