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Fatom is showing some strength here by setting higher lows and higher highs into a resistance which has held since september 20th.
A break and close above this level with good volume, would make for a very interesting long set-up.
Im watching and waiting for a close above 0.00000158 before entering, afterwards, i'm targeting 0.00000169 (7.30%).
Watch how price reacts to that level, if it closes above, target 0.00000183 for a total of 15.88% profit.
If you want to play it on the safe side, i would pre-set a sell for 30% of your position at 0.00000169 to lock in some profit. You can always re-enter on a retest or clear close above 0.00000169.
Mind you i'm posting this as a way to share an idea i have. I am by no means a financial adviser or an experienced trader for that matter.
Fatom is showing some strength here by setting higher lows and higher highs into a resistance which has held since september 20th.
A break and close above this level with good volume, would make for a very interesting long set-up.
Im watching and waiting for a close above 0.00000158 before entering, afterwards, i'm targeting 0.00000169 (7.30%).
Watch how price reacts to that level, if it closes above, target 0.00000183 for a total of 15.88% profit.
If you want to play it on the safe side, i would pre-set a sell for 30% of your position at 0.00000169 to lock in some profit. You can always re-enter on a retest or clear close above 0.00000169.
Mind you i'm posting this as a way to share an idea i have. I am by no means a financial adviser or an experienced trader for that matter.
Ordine annullato
The described set-up no longer looks interesting. Clear breakdown of the local uptrend (drawn in chart). A clear example of not rushing into a trade, no matter how good the chart looks.
In my trade idea i mentioned i was waiting for a clear close above 158 sats before entering. As it did not close above, i did not enter.
The local uptrend broke (higher lows), as far as where we're going next: i don't know. I'll wait for a good looking set-up to appear.
On to the next.
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