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DannyC914
Nov 4, 2022 11:49 AM

ATOM long or short? 

Cosmos / TetherCoinbase

Description

ATOM formed double top near 17.06, the lowest price came to 11.81 (1.382), and then rose back above the trend line.
The circle marked in the figure is a small bear flag formed near the trend line, and then ATOM fell below the trend line again, the price came to 10.91 (1.618), and ATOM appeared a double bottom here.
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The current price is back to the trend line again. If ATOM closes above the trend line, you can enter the market with long order.
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ATOM stop loss price: 13.26, 11.81 and 10.91 (selected according to the ability to take risks, the closer the stop loss price is to the entry price, the higher the R/R ratio, but the greater the risk).
Take Profit Price: 16.95
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If ATOM does not close above the trend line, there is still a chance to reach the double top target at 9.46.
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Comments
crypto_220
Short
crypto_220
Go 13.04
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