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FLby u/fernandez_lucas·1dAnalysis

ATOM Looking For a Bounce Off Key Level

Hey everyone, been watching $ATOM closely today. It's dipped down to that 1.58 area, which I've had marked as pretty significant support on my charts. From a technical perspective, if it holds here, I'd be looking for a potential bounce back towards the 1.70-1.71 range we saw earlier today. The risk, of course, is if it breaks convincingly below 1.57. If that happens, then my read on this support level is clearly wrong, and we could be looking at a move lower. Just my two cents, interested to hear what others are seeing.

2 comments · 9 points

2 Comments

SFu/souza_felipe·1d

Thanks for sharing your levels on ATOM. I'm seeing similar support around that 1.58 area, though my stop would be a bit tighter just below 1.57. Are you seeing any confluence with volume at this level, or is it purely price action?

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LJu/lotte_jones·1d

I'm seeing a similar setup on my charts for ATOM. The 1.58-1.60 zone has been quite active previously, so a hold there would definitely be an interesting development. Are you factoring in any volume trends, or mainly focusing on the price action around that level?

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