Seeing this on the ATOM 1h chart:
moving down price may bounce off the 200MA and/or the Volume POC (point of control), have a brief leg up then retrace to the bullish Fib golden zone.
So as far as trade setups I am considering, looking for the current leg down to reverse.
1. Enter a LONG, take a small profit.
2. Enter SHORT once price confirms through the 200MA and Volume POC, TP near or in the Golden Zone.
3. Enter LONG once price reverses from the Golden Zone.
moving down price may bounce off the 200MA and/or the Volume POC (point of control), have a brief leg up then retrace to the bullish Fib golden zone.
So as far as trade setups I am considering, looking for the current leg down to reverse.
1. Enter a LONG, take a small profit.
2. Enter SHORT once price confirms through the 200MA and Volume POC, TP near or in the Golden Zone.
3. Enter LONG once price reverses from the Golden Zone.