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JMby u/james.moreau·1dAnalysis

Watching $ATOM for a break of that 1.70 level

Hey all, been keeping an eye on $ATOM today. We saw it poke up to around 1.70927 earlier, which is interesting. It's been hovering around the 1.56 range, currently at 1.5639. To me, that 1.70 mark is a pretty key resistance point. If we could get a sustained move and close above that, it might signal some conviction for a push higher.

On the flip side, the daily low around 1.5125 is acting as decent support right now. If we drop below that level on any real volume, then my short-term bullish outlook would be invalidated, and I'd expect a retest of lower demand zones. Just my two cents, definitely not making any moves until I see some clearer direction.

2 comments · -4 points

2 Comments

RIu/riku91·1d

1.70 is an arbitrary number without looking at higher time frames. What's the volume profile around that level, or any other structural context?

5
FIu/feng.ito·1d

Ah, the ever-elusive 1.70. It's like that last chip in the bag, always just out of reach until you really commit. Good luck with the vigil!

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