ATOM- SECOND TRY - BULLISH
2024-12-19
Category: None

Second attempt on  BINANCE:ATOMUSDT 
  

Considering we are in a bull market, there's no reason to panic just yet. We've risen from the ashes, and we're here to stay.

The bullish probabilities are as follows:

PMH being disrespected

PML being disrespected

Weekly Bullish FVG being respected

PWL being disrespected

Daily sell-side liquidity taken

4H swing low being disrespected

Bearish side:

PWH being respected

PDH being respected

PDL being respected

4H swing high being respected

This is the price structure I’m considering to maintain confidence in my decisions and avoid being blinded by the current panic. The probabilities lean 60% bullish vs 40% bearish. We’re in a bull market, and that’s important to remember.

Trade management:

Active entry: $7.40. If the price drops below the wick’s low at $7.23, and depending on bearish strength, I’ll likely increase my position.

Stop Loss (SL): $6.31. Positioned carefully, as I’m expecting a swift reversal, and it’s not yet time for a 50% decline. We’ve already seen a -30% drop on December 10, followed by another -30%.

Take Profit (TP): $14.50. There’s potential to extend this target, but I prefer securing profits once we reach this level.

Stay true to your plan and avoid the noise.

If you want to know which exchanges I use or have questions, feel free to contact me on Telegram for free: t.me

God bless,
Jay