๐ Paradisers, #ATOM has recently broken out of a resistive trendline and is forming an inverse head and shoulders pattern, which increased probability of a bullish move.
๐If #ATOMUSDT breaks above the resistant level, it will confirm the inverse head and shoulders pattern, potentially leading to targets till the next resistant levels.
๐In the event of a pullback, we can expect a bounce from the bullish OB due to the overall bullish market structure.
๐However, if the price breaks down below the bullish OB, it may be considered bearish. In such cases, it might be better to ignore immediate actions and wait for clearer price action to develop.
๐Keep an eye on #ATOM's price movement for confirmation of its next direction and adjust your trading strategy accordingly.