1.20.22 ATOM SHORT

ATOM is up over 12% today. Hard stop at previous resistance. This should be a level where traders take profits.
3 - 1 trade and if we dump to back test the vpvr that will be a lot more than a 3 to 1.
BTC is showing signs of a possible pullback as well after breaking a local supply line.
Lots of bearish harmonics on atom lower time frames but there is no edge for seller exhaustion. Time will tell.
very tight stop loss very low leverage.

I painted a possible butterfly harmonic which would take us to retest the vpvr and then break all time highs. Stay tuned.
Comment: bulls got rekt today. sniper entry on this one. GG boys


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.