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Cosmos (ATOM) - July 30

BINANCE:ATOMUSDT   Cosmos / TetherUS
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(ATOMUSDT 1W Chart)
The 12.282-15.837 interval is the interval that determines the trend.

Therefore, it is important to be able to rise above the 12.282-15.837 section.


(1D chart)
Resistance: 12.282-15.837

1st support: 9.603-10.878
Second support: 6.809

If it rises to the 12.282-15.837 section and falls without support, it is likely to lead to further declines.

Therefore, if resistance is found below 10.878, Stop Loss is required to preserve profit and loss.


This Stop Loss does not mean 100% sell.

It means a Stop Loss to free up cash to buy at a lower price when it leads to a further decline.

The range of further declines is up to -47%.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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