ATOM USDT High volatility. Scalping works better to earn 3x

In this highly volatile uptrend of ATOM you can earn 3x by a simple strategy that worked for me. I do not know anything about COSMOS project so that i could be able to predict its long term trend. But on an hourly time frame it looks perfect for scalping. On an hourly time frame you can observe that the price levels 4.1, 4.2, 4.3, 4.4, 4.5, 4.6....... are crossed by candles and their wicks by atleast 5 to 6 times on an average. For example 4.2 is crossed 6 times and 4.3 is crossed 6 times, likewise 4.4 by 12 times, 4.5 by 17 times 4.6 by 9 times(more possible) and 4.7 only twice. As the 4.7 price level is crossed only twice it is highly likely for the market to cross it again.
At the time of writing this post ATOM is at 4.810 retreating from the hourly highs(downtrend). So buying at this point(near the highs) is not good. You can find the nearest support line standing is the 4.60(or the range 4.600 - 4.650). Pretty far right!!! I would put a limit buy at 4.625. If the order is successful i will place a sell order at 4.95(current high). If the sell order is executed i would again wait for bnb to retreat. By now 4.7 price level is crossed 4 times.
Also observe that 4.750 stands as a support in the 15 min time frame. It can act as support as well. I would place a limit order with half of my amount at this point i.e 4.750. If the market reverses at this point with me in the market, its well and good. But if it breaks down, again I will look to buy it with my remaining half amount in the range of 4.60 to 4.65 which is the ultimate support in the hourly chart. This way by observing the number of times the bar candles crossing the price levels, you can simply earn 2x or 3x without ever worrying about the long term trend.
This strategy worked for me. I would like you to test it once with little amount and see if it works for you. Happy trading.....

Trade active:

Just placed limit buy order at 4.600 usd with stop loss at 4.45

Trade active:

Order still not executed. Currently price is at 5.1 which is the highest closing candle on the hourly chart. If the break down happens here, it is highly likely that the major support 4.6 be tested. Also 4.7 level is very weakly supported by a single full bodied candle and a wick.

Trade active:

Retest failed.

Comment:

Also observe the large sized wicks of candles at the resistance. Very little possibility of retesting again.

Order cancelled:

I over looked on the 4.750 usd support on the hourly chart which was the IEO price on binance. ATOM retested that support and passed and resumed its uptrend. I missed out a huge rally here. I am considering to cancel the limit buy order I placed earlier.