ATOM - A road to $5 begins with a step to $8.5XX
Hi,
This is iJustCoin, the one lucky BEAR who puts honey where his mouth is! :)
Don't allow the price action to bamboozle you! Rising price action should not confuse anyone and turn you bullish even short-term. This is just an opportunity to take another short-trade.
And here is why:
- 12H and 1D timeframes are showing rising selling volume , we must respect that
- Price might pop up and hit a higher price levels at 9.6XX, so we are ready to sell there as well
- I expect the price action to go even lower, so i will take profit using just a part of my position at $8.5XX
======
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
======
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Chart Code:
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Green Line - Take Profit
Golden Line - Entry point
Bold Aqua Curved Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
This is iJustCoin, the one lucky BEAR who puts honey where his mouth is! :)
Don't allow the price action to bamboozle you! Rising price action should not confuse anyone and turn you bullish even short-term. This is just an opportunity to take another short-trade.
And here is why:
- 12H and 1D timeframes are showing rising selling volume , we must respect that
- Price might pop up and hit a higher price levels at 9.6XX, so we are ready to sell there as well
- I expect the price action to go even lower, so i will take profit using just a part of my position at $8.5XX
======
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
======
***
Chart Code:
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Green Line - Take Profit
Golden Line - Entry point
Bold Aqua Curved Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
