Shanks21

ATOM/BTC breakout soon

Long
BINANCE:ATOMBTC   Cosmos / Bitcoin
Fibonacci level 50 and 23.6 will be our resistance levels. 23.6 is harder as you can see it's been traded much more.
Currently stoch RSI is oversold but pointed up. I take it as a buy signal. Exit strategy is : Look for fibo level 50 if it reject then sell to buy from the dip once more. I think first touch could be rejected but 2nd one will pass through until the level 23.6.

This strategy dependent on how BTC will perform


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