Current Price: 1.975
$ATOM is really moving up and down a lot. It went down to 1.87. Then came back up to almost 2.00. This means ATOM is getting stronger, in the term.. People are borrowing a lot of money to buy ATOM, which is about 0.010 percent. This shows that people are very sure that ATOM will go up soon.
There are about 26 million USDT worth of ATOM that people are trading. This is an amount so it means people are buying and selling ATOM without taking too much risk. ATOM is still getting a lot of attention from people who want to buy it.
Trade Plan – Swing Long
Entry Zone: 1.90 – 1.94
Stop Loss: 1.78
Targets:
• 2.15
• 2.35
• 2.60
• Extended: 2.90
Leverage: 3x–5x conservative
Risk–Reward: Approximately 1:3+ toward TP2–TP3
Setup Logic
The price range of 1.85 to 1.90 has been a place where people want to buy. Long as the price stays above 1.78 at the end of each day the overall trend says the price will keep going up slowly. If the price breaks through 2.02 and stays above it the price of the thing will probably go up to 2.15 and even higher.
If the price goes below 1.78 that is news, for people who think the price will go up. It would make their idea that the price will rise a lot weaker. The price would also likely start going down of up. This change would happen because the momentum would shift and it would be going down now. The bullish thesis is the idea that the price will go up and going below 1.78 would make this bullish thesis weaker.
This is a structured swing setup — avoid chasing strength after sharp candles and maintain disciplined position sizing.
