According to the analysis, ATOMUSDT will probably reverse after a strong bullish movement. As we can see, we got short signal from the two indicators used for the analysis. MACD line cross below the signal line and this is usually interpreted as a sell signal. In addition, ADX shows us the trend is strong. Nevertheless, we need confirmation of our assumption before opening a short position. Therefore we should wait for the price to break the support and retest it as resistance. In conclusion, the rejection at the resistance will be our entry price.
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no financial advice
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.