$ATOM lost the 2 level. There are two scenarios from here:
① It rebounds but fails to reclaim 2 → the level becomes resistance; below, the first level to watch is the 24h low at 1.784.
② It quickly reclaims 2 → this move looks more like a wick, and short positions could get squeezed.
I’m paying closer attention to how the first rebound plays out.
Make your own trading decisions; don’t follow the crowd.
① It rebounds but fails to reclaim 2 → the level becomes resistance; below, the first level to watch is the 24h low at 1.784.
② It quickly reclaims 2 → this move looks more like a wick, and short positions could get squeezed.
I’m paying closer attention to how the first rebound plays out.
Make your own trading decisions; don’t follow the crowd.