ATOM is poised for a significant move after breaking out of its market structure, with volume confirming direction. Current price action is setting up for a long opportunity.
đą $ATOM LONG đ
Entry â $1.3566-$1.3594
Stop â $1.3173 (-3.0%)
TP1 â $1.3784 (+1.5%)
TP2 â $1.4259 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The CHoCH signal fired off the back of a notable volume surge, with CVD indicating strength in the current trend, while FVG and OB are creating a confluence of interest that suggests a strong support zone. The presence of a liquidity sweep and POI confluence further reinforces the setup. Market structure looks to be turning in favor of bulls.
A 3.0% stop loss is relatively tight but fits with the use of moderate leverage, aiming to maximize the 1:1.7 risk/reward ratio without overexposing the position.
Taking partial profit at the first target is likely prudent to lock in some gains, as this will also help adjust the position's risk profile and allow for a more aggressive push to the subsequent targets.
As always: manage your risk, this is not financial advice đ
$ATOM #ATOMUSDT #SMC #TradingSignals #Write2Earn
đą $ATOM LONG đ
Entry â $1.3566-$1.3594
Stop â $1.3173 (-3.0%)
TP1 â $1.3784 (+1.5%)
TP2 â $1.4259 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The CHoCH signal fired off the back of a notable volume surge, with CVD indicating strength in the current trend, while FVG and OB are creating a confluence of interest that suggests a strong support zone. The presence of a liquidity sweep and POI confluence further reinforces the setup. Market structure looks to be turning in favor of bulls.
A 3.0% stop loss is relatively tight but fits with the use of moderate leverage, aiming to maximize the 1:1.7 risk/reward ratio without overexposing the position.
Taking partial profit at the first target is likely prudent to lock in some gains, as this will also help adjust the position's risk profile and allow for a more aggressive push to the subsequent targets.
As always: manage your risk, this is not financial advice đ
$ATOM #ATOMUSDT #SMC #TradingSignals #Write2Earn