Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ ATOM has been overall bullish, trading within the flat rising wedge pattern in black.
Currently, ATOM is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support and round number $10 in gray.
๐น Thus, the highlighted Atom logo with the blue arrow is a strong area to look for buy setups as it is the intersection of the gray support and lower black trendline.
๐ As per my trading style:
As #ATOM approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ ATOM has been overall bullish, trading within the flat rising wedge pattern in black.
Currently, ATOM is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support and round number $10 in gray.
๐น Thus, the highlighted Atom logo with the blue arrow is a strong area to look for buy setups as it is the intersection of the gray support and lower black trendline.
๐ As per my trading style:
As #ATOM approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich