Brief analysis of a $ATOM sell trade
General context: The $ATOM currency is currently experiencing weak buying momentum, facing strong resistance in the 1.85 – 1.88 zone. Price movement suggests limited upside potential, which makes it likely to continue the decline if it fails to break through the resistance.
Trading plan:
· Entry zone: 1.80 – 1.83 USDT (it’s preferable to enter gradually near the resistance).
· Take-profit targets:
· First target: 1.74
· Second target: 1.66 – 1.70 (a key support zone).
· Stop-loss: 1.88 USDT (the trade is cancelled if the price closes above this level).
Risk warning: Overall market sentiment tends toward greed, and any sudden rise in Bitcoin could put pressure on sell positions. Always follow risk management and avoid high leverage. This is not investment advice, and trading is at your own risk.
#be_Carefull
$BTC
General context: The $ATOM currency is currently experiencing weak buying momentum, facing strong resistance in the 1.85 – 1.88 zone. Price movement suggests limited upside potential, which makes it likely to continue the decline if it fails to break through the resistance.
Trading plan:
· Entry zone: 1.80 – 1.83 USDT (it’s preferable to enter gradually near the resistance).
· Take-profit targets:
· First target: 1.74
· Second target: 1.66 – 1.70 (a key support zone).
· Stop-loss: 1.88 USDT (the trade is cancelled if the price closes above this level).
Risk warning: Overall market sentiment tends toward greed, and any sudden rise in Bitcoin could put pressure on sell positions. Always follow risk management and avoid high leverage. This is not investment advice, and trading is at your own risk.
#be_Carefull
$BTC