ATOM Long Entry with Huge Buy Pressure !
ATOM has done a great job with a huge breakout of the accumulation range with big buying volumes and crossover on the MACD to the upside.
Now, its showing some signs of PULLBACK from the resistance zone @ 28.8
We used fib level 0.618 to define a good LONG ENTRY to catch the retracement wave for a BOUNCE @ 26.351, where the 3 EMAs can also serve as support confluence.
TP can be at the major resistance @ 32.858
SL at 23.36, slightly below the triple EMA 50,100,200 on the 4H
Now, its showing some signs of PULLBACK from the resistance zone @ 28.8
We used fib level 0.618 to define a good LONG ENTRY to catch the retracement wave for a BOUNCE @ 26.351, where the 3 EMAs can also serve as support confluence.
TP can be at the major resistance @ 32.858
SL at 23.36, slightly below the triple EMA 50,100,200 on the 4H
Trade closed: target reached:
Definitely another perfect trade, congrats brothers
