Please feel free to comment or challenge me on my TA. If you like my idea, leave a like to show support.
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Did you miss out on the ATOM bull run? Not to worry, you'll get another shot soon. Just be patient. No need to rush into this crazy market. People who rush lose out. People with a plan will prevail.
ATOM setup:
- Hit a daily resistance level at 4297 sats
- RSI heavily overbought
Look at the history of the chart:
- Last time it was in an overbought area, we were trading above the 200-MA (as we are now) and retraced towards the 50-MA and 50% RSI level
- Every time the RSI went above the 50% level, price rose
Game plan:
- Wait for a retracement to the 50-MA and the 50% RSI-level and take an entry there.
- Targets will then be: the weekly (white) or daily levels on the chart.
Good luck
*No financial advice, just my personal opinion.
--------------------------------------------------------------------
Did you miss out on the ATOM bull run? Not to worry, you'll get another shot soon. Just be patient. No need to rush into this crazy market. People who rush lose out. People with a plan will prevail.
ATOM setup:
- Hit a daily resistance level at 4297 sats
- RSI heavily overbought
Look at the history of the chart:
- Last time it was in an overbought area, we were trading above the 200-MA (as we are now) and retraced towards the 50-MA and 50% RSI level
- Every time the RSI went above the 50% level, price rose
Game plan:
- Wait for a retracement to the 50-MA and the 50% RSI-level and take an entry there.
- Targets will then be: the weekly (white) or daily levels on the chart.
Good luck
*No financial advice, just my personal opinion.
