ATOM don't fall for the trap

24 août 2022

Previously, I told you guys about the possibility of price moving higher to hunt stops. Now, some traders will tell you that this is a breakout of resistance and we'll see a retest+move higher, thus encouraging you to open long positions. Probably, the breakout idea will be trending. Avoid those traders, and don't become liquidity for MM's short position. Check my previous idea on ATOM, everything is going according to my plan, a lot of buyers' stops are left underneath, which means when ATOMUSDT makes a reversal, it will go down fast with a cascade effect from buyers' stops getting triggered. I will let you know when to short this instrument.