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ATOMUSD D1: PRICE/ RSI DIV WARNING / 65% correction(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT ALGOUSD. Just showing signs of weakness and recommend to stay out of this market into the pullback.
🔸 Summary and potential trade setup ::: ATOMUSD daily chart review ::: not a great looking chart ::: hit top / resistance of the bullish channel ::: also noteworthy divergence ::: price/ RSI div very clear on D1/H8 TF ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 40-60% pullback possible next ::: 6-10 weeks in Q3/Q4 2021 ::: right now limited upside ::: positions traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: SHORT SELL RIPS/RALLIED ::: TP BEARS is +50% gains ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION
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