ATOMUSDT is trading in an uptrend channel and price is sensitive to the boundaries. We can see on the chart how resistance and support of the price channel were worked out earlier.
The price is now testing a false-break of the channel resistance and also a strong horizontal resistance at 10.833.
I assume, as after a strong move up, there might not be energy left to break these levels. I will be waiting for the formation of a "false-break" set-up followed by the price consolidation under the level. The short-term target is the support at 9.265.
Regards R.Linda!
The price is now testing a false-break of the channel resistance and also a strong horizontal resistance at 10.833.
I assume, as after a strong move up, there might not be energy left to break these levels. I will be waiting for the formation of a "false-break" set-up followed by the price consolidation under the level. The short-term target is the support at 9.265.
Regards R.Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
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