ðĨ Hi friends! Today I'll show you the most possible trading plan for ATOM.
We see how the price bounced from the $9.8-10.3 value area. I think it will happen one more time because this value area is strong resistance to the price.
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Now we should wait for some pullback to enter a long with a target at $10 as it is shown on the chart.
The price can go even higher if it breaks the value area and tests it as support! But when the price reaches this value area, I recommend you keep your attention on the chart. A false breakout is a very common thing after such growth.
ðĐ If we compare the previous example to this situation, we will see that after the first test of the value area the price fell by -15%. The same can happen this time.
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The short target is an $8.5 key level and even lower to $8.
ðĨStay tuned to get more updates and ask questions in the comments to get help in trading!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.