A short squeeze on $ATOM is looming, and I'm preparing for a swift downturn.
$ATOM - SHORT🔴
Entry: 1.591
SL: 1.596
TP1: 1.5885
TP2: 1.586
TP3: 1.5835
Given the current RSI and EMA alignment, I suspect we're experiencing volatility compression before a potential expansion, which could lead to a significant drop. My higher-timeframe bias is bearish, with about 80% confidence. The EMA20 and EMA50 are currently hovering just above the entry point, indicating a possible conflict that could resolve in favor of the bears.
Do you agree that $ATOM is due for a correction, or do you think the current momentum will hold?
Click here to Trade 👇
$ATOM - SHORT🔴
Entry: 1.591
SL: 1.596
TP1: 1.5885
TP2: 1.586
TP3: 1.5835
Given the current RSI and EMA alignment, I suspect we're experiencing volatility compression before a potential expansion, which could lead to a significant drop. My higher-timeframe bias is bearish, with about 80% confidence. The EMA20 and EMA50 are currently hovering just above the entry point, indicating a possible conflict that could resolve in favor of the bears.
Do you agree that $ATOM is due for a correction, or do you think the current momentum will hold?
Click here to Trade 👇