ATOMUSDT has a small break of structure on the 4h. I expect one final liquidity grab in the monthly r2 region ~$16.00 before it descends. Very reasonable TP1 and TP2 targets shown based off fib projections and supporting volume profile. Could go a lot lower. Idea invalidated with close (new high) above monthly R3 pivot.
*Setup Notes*
Entry zone: 15.5-16.16
Stop loss: 17.8
TP1: 10.83
TP2: 8.15
Daily view, with key support/resistance point at 17.8 (and why I am watching that level carefully):
*Setup Notes*
Entry zone: 15.5-16.16
Stop loss: 17.8
TP1: 10.83
TP2: 8.15
Daily view, with key support/resistance point at 17.8 (and why I am watching that level carefully):
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❤️ Premium indicator subscription @ Whop includes: Mojo Levels, Manipulation Model, Super Oscillator, VIX Meter, and Volatility Radar
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.