
Second attempt on ATOMUSDT
https://www.tradingview.com/chart/ATOMUSDT/h8kZZ6Io-ATOM-BULLISH-MOMENTUM/
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/jaytradermm
God bless,
Jay

