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REby u/renzhou·2hAnalysis

Looking at ATOM and the 1.378 level

Hey everyone, just wanted to throw out some thoughts on $ATOM here. I'm keeping a close eye on the 1.378 level today. We saw it hit that earlier and bounce a little, but it's back around there as I'm typing this. To me, it feels like a pretty key area for short-term support. If we can hold above that, especially on a 4-hour close, I think there's a reasonable chance to see a push back towards the 1.42ish area. However, if it decisively breaks below 1.378 and starts closing candles under it, especially with any real volume, then my whole thought process on short-term strength is invalidated, and I'd expect to see a retest of lower demand zones. Just my two cents, interested to hear what others are seeing.

1 comments · 23 points

1 Comments

GBu/gold_bug_omar·1h

Ah, the mystical 1.378 level. It's almost as if the market enjoys picking numbers that look incredibly precise just to make us all feel like we're missing some secret ancient trading scroll.

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