New Crypto Trade Alert 📈🚀️️
Token: $ATOM
Direction: SHORT
Leverage: 3-5x
Research: ATOM is showing a bearish divergence on the 4-hour MACD, indicating weakening bullish momentum. Increasing selling pressure suggests the current support level may not hold, leading to a potential pullback in the short term. Traders should watch for a break below key support zones, which could trigger further downside as the market searches for a stronger support level to stabilize.
Entry Range: 6.662$ - 6.80$
Target 1: 6.59$
Target 2: 6.49$
Mid Term
Target 3: 6.30$
Target 4: 6.08$
Stop Loss : 7.24$
Enter partially and average out your buy price as long as it remains within the entry range.
The market is going to be highly volatile in the coming few days. Remember to book some profits at each target price (TP) and move your stop-loss (SL) to breakeven. Keep in mind current market conditions and risk management. Always do your own research.