Ccgp-investments

ATOMUSD looking bullish 6R

Long
BINANCE:ATOMUSDT   Cosmos / TetherUS
ATOM looks bullish for a scalp, the rsi had a bullish divergence and volume is looking stable. USDT.D is also looking overextended and due for an correction.

TP1. 8.5
TP2 9
R:R 6
SL 4H close under 8.15
Comment:
Trade is moving good breaking out of the downtrend, shaved 25% off expecting a restest and the resistance at the ma's is also pretty significant. Move SL to enty aswell
Trade closed: target reached:
Closed 25% at TP1, moves SL to enty. letting the 50% run

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.