ATOM When PUMP?
2024-11-20

🟢 Logarithm 1w Analysis

✔️ The asset has been in a sideways trend for almost 3 years and has recently experienced a squeeze into a capitulation zone, which it has already surpassed. At this point, we are approaching the #reversal zone, where the price may either return to the range or pump. The first sell zone is at $8.5, where many retail investors (“hamsters”) will sell at breakeven, eager to escape the “sinking ship” after waiting endlessly for an #altseason.

For those who don’t get it: #Altseason has already started, but not for the uninformed retail trader. It’s for active traders who speculate on assets, moving from one questionable project to another. While the retail trader waits for the “great altseason” and exits at breakeven, they keep jumping from one cheap, sorry, junk asset to another expensive one.

❗️ If $8.5 is broken, a pump (likely) could occur, fueled by short-sellers, potentially reaching the upper boundary of the range. However, for now, it’s crucial to overcome the current $6.666 zone or face a pullback to $4.666. Long-term targets have been highlighted to show how far the asset could potentially go. Always follow proper risk management.

⚠️ Work Strategy:
	1.	Buy at market price, regardless of where the price goes. If it drops to $4.6, double down on your position to get a better entry point.
	2.	Buy after the breakout, which will be more expensive, but still reasonable.
	3.	Wait for a pullback to $4.6 (though it may or may not happen — it’s a 50/50 chance).

These are three simple options — there could be more, but why overcomplicate? This is the simplest way to approach it. No need to reinvent the wheel.