ATOMUSDT .618 Fibonacci| Price action| Trend| Trade

Evening Traders,

Today’s analysis – ATOMUSDT- trading at a key trade location where a rotatin towards the highs is probable,

Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Low Volume
- Bullish Divergence

ATOMUSDT’s immediate price action is trading at a key trade location that has technical support with the .618 Fibonacci, allowing for a bullish bias.

The immediate target is the upside resistance, a rejection at this level is likely.

The current volume profile is below average, an influx is likely on the next expansion.

Overall, in my opinion, ATOMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps, thank you for following my work

And remember,

“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee