Possible long opportunity on ATOMUSDT in the near future
ATOMUSDT
I see market structure starting to change which may present a long opportunity soon.
We are currently breaking resistance. I won’t be longing from the break and retest here because I don't like the messy structure to the left. There are huge wicks there showing this is an area of volatility.
I want to clear this first before I would consider entering a long, at the same time creating another higher low.
If we can get a break above 2.850 and a retest of that level with some nice solid candles, I will consider opening a long to the previous high.
Stop loss may change dependant on the new structure created before the point of entry.
I see market structure starting to change which may present a long opportunity soon.
We are currently breaking resistance. I won’t be longing from the break and retest here because I don't like the messy structure to the left. There are huge wicks there showing this is an area of volatility.
I want to clear this first before I would consider entering a long, at the same time creating another higher low.
If we can get a break above 2.850 and a retest of that level with some nice solid candles, I will consider opening a long to the previous high.
Stop loss may change dependant on the new structure created before the point of entry.