đ $ATOM
LONG SETUP đ
ATOM ripped off the base near $1.605 and ran to $2.084, and is now pulling back and consolidating well above its rising 99 MA. Iâm watching for a long on a dip into the support zone, not chasing the current candle. đ
Entry: $1.900 â $1.930
TP1: $1.980
TP2: $2.030
TP3: $2.085
SL: $1.860
đș Why ATOM is on watch:
Price ($1.948) is sitting on the 7 MA ($1.946), below the 25 MA ($1.981), and far above the 99 MA ($1.830), which is rising and acting as the major support The structure shows a strong higher-high, higher-low trend since $1.605, and the pullback from $2.084 is small and orderly, so it looks like consolidation, not a reversal Volume has cooled on the pullback after the big breakout candles, a sign sellers are not pressing hard The 25 MA ($1.981) is the first hurdle, with the $1.900 area as the dip-buy zone and the 99 MA ($1.830) as the last line of defense. A 1H close under $1.860 would invalidate the setup.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#ATOM #cryptotrading
LONG SETUP đ
ATOM ripped off the base near $1.605 and ran to $2.084, and is now pulling back and consolidating well above its rising 99 MA. Iâm watching for a long on a dip into the support zone, not chasing the current candle. đ
Entry: $1.900 â $1.930
TP1: $1.980
TP2: $2.030
TP3: $2.085
SL: $1.860
đș Why ATOM is on watch:
Price ($1.948) is sitting on the 7 MA ($1.946), below the 25 MA ($1.981), and far above the 99 MA ($1.830), which is rising and acting as the major support The structure shows a strong higher-high, higher-low trend since $1.605, and the pullback from $2.084 is small and orderly, so it looks like consolidation, not a reversal Volume has cooled on the pullback after the big breakout candles, a sign sellers are not pressing hard The 25 MA ($1.981) is the first hurdle, with the $1.900 area as the dip-buy zone and the 99 MA ($1.830) as the last line of defense. A 1H close under $1.860 would invalidate the setup.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
#ATOM #cryptotrading