🟢 ATOM 4H Setup: Range-Base LONG
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📈 Bias: Bearish trend, short-term base. ATOM trades near 1.501 (-1.8% 24H) under EMA20 1.543, EMA50 1.598 and EMA200 1.688. After the Oct 29-30 flush to 1.435, price has held a tight 1.494-1.557 range for two days.
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🧱 Support: 1.494-1.504 range floor, then 1.435
🚧 Resistance: 1.543 EMA20, 1.557, 1.598 EMA50
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🎯 Plan (LONG)
Entry: 1.494-1.504
Stop loss: 1.474
TP1: 1.543
TP2: 1.557
TP3: 1.598
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🧠 Why: Buyers have defended the 1.494-1.496 floor several times since Oct 30. A bounce from the floor targets the range top and the EMA50 retest with a tight stop.
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⚠️ Risk: Counter-trend trade. A 4H close below 1.474 breaks the range and opens 1.435. Keep size small.
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Not financial advice. DYOR.
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