On the 4-hour chart (4H) of ATOM/USDT, we observe a symmetrical triangle formation, indicating a potential breakout after consolidation.
The market structure suggests a higher probability of a downside breakout, given the prevailing downtrend. However, if buying pressure increases, we might see a breakout to the upside.
Optimal Strategy – Two Pending Orders:
Instead of predicting the price direction, we strategically position two pending orders:
Sell Stop @4.522 – anticipating a bearish breakout if the price drops below the triangle’s support.
Downside targets: 4.132 and 3.827.
Buy Stop @4.709 – in case of a bullish breakout above the triangle’s resistance.
Upside targets: 4.866 and 6.677.
Why This Approach Works?
If the market confirms the bearish trend, the short position activates, capitalizing on the downward movement.
If the market gains strength, the buy stop ensures entry into the bullish momentum.
The key is to let the market dictate the direction, not emotions!
Which breakout do you expect? Comment below!
The market structure suggests a higher probability of a downside breakout, given the prevailing downtrend. However, if buying pressure increases, we might see a breakout to the upside.
Optimal Strategy – Two Pending Orders:
Instead of predicting the price direction, we strategically position two pending orders:
Sell Stop @4.522 – anticipating a bearish breakout if the price drops below the triangle’s support.
Downside targets: 4.132 and 3.827.
Buy Stop @4.709 – in case of a bullish breakout above the triangle’s resistance.
Upside targets: 4.866 and 6.677.
Why This Approach Works?
If the market confirms the bearish trend, the short position activates, capitalizing on the downward movement.
If the market gains strength, the buy stop ensures entry into the bullish momentum.
The key is to let the market dictate the direction, not emotions!
Which breakout do you expect? Comment below!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.