ATOM/USDT 1D
ATOMUSDT
price $11.985 bybit perp, bullish for a long to 12.475, take profit on the climb up.
resistance at 12.475, which has been rejected multiple times,(bearish), I would short, with tight stop loss,
combined with being in a rising wedge, channel (bearish) we would need big volume to smash the resistance,
rsi would need to be more oversold in the coming days for me to be bullish, as well increased buy volume.
I am expecting rejection at 12.475, falling to 11.200, then 8.530 at some point in September.
that's my bear case theory. I do like cosmos/atom and am bullish in the long term, I think its a great
project and has many good projects running on it.
ATOMUSDT
price $11.985 bybit perp, bullish for a long to 12.475, take profit on the climb up.
resistance at 12.475, which has been rejected multiple times,(bearish), I would short, with tight stop loss,
combined with being in a rising wedge, channel (bearish) we would need big volume to smash the resistance,
rsi would need to be more oversold in the coming days for me to be bullish, as well increased buy volume.
I am expecting rejection at 12.475, falling to 11.200, then 8.530 at some point in September.
that's my bear case theory. I do like cosmos/atom and am bullish in the long term, I think its a great
project and has many good projects running on it.