ATOM is still bullish (8H)ATOM price has recently shown a sharp and powerful impulsive move from the bottom, which clearly indicates the presence of strong institutional and smart money buyers. This aggressive reaction from demand zones suggests that buyers are in control of the market structure at the moment.
The bullish momentum is very strong, and price is respecting higher highs and higher lows. As long as this momentum remains intact, minor pullbacks and shallow corrections can be considered healthy and optimal opportunities to enter Buy/Long positions, rather than signs of weakness.
From a market structure perspective, we can clearly identify a Bullish Change of Character (CHoCH) on the chart. This CH confirms that the previous bearish structure has been broken and the market has officially shifted into a bullish phase. Additionally, price is currently trading around key levels, which further increases the importance of this zone and validates the bullish scenario.
Entry Strategy (DCA Approach)
We have two potential entry zones, marked on the chart. These entries can be executed using a DCA (Dollar Cost Averaging) strategy to reduce risk and improve the average entry price. This approach allows better position management in case of short-term volatility.
Targets & Trade Management
All targets are clearly marked on the chart.
At Target 1, it is recommended to secure partial profits to reduce exposure.
After reaching the first target, move the stop loss to Break Even to protect capital and allow the trade to run risk-free.
Remaining positions can be held towards higher targets as long as bullish structure and momentum remain valid.
Final Thoughts
As long as price holds above key support levels and maintains its bullish structure, the overall bias remains bullish. Always manage risk properly and avoid over-leveraging, especially in volatile market conditions.
⚠️ This analysis is not financial advice. Always do your own research and manage risk accordingly.
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