Just hours before the FED speaks, $ATOM is navigating on the lower side of its previous range.
After a retest of the low confluence zone, short has been activated after the H4 break down.
Now, 2 options:
1. FED is priced in -> lookout for a break up H4 to cut short position and wait on the sideline
2. FED is not priced in (aka bad news) -> acceleration of the downtrend, most probably, with TP1 & TP2 ready to be made
Just ideas, crypto ideas.
After a retest of the low confluence zone, short has been activated after the H4 break down.
Now, 2 options:
1. FED is priced in -> lookout for a break up H4 to cut short position and wait on the sideline
2. FED is not priced in (aka bad news) -> acceleration of the downtrend, most probably, with TP1 & TP2 ready to be made
Just ideas, crypto ideas.
Played out nicely