ATM is showing some strong bullish behaviour over the last couple of hours, obviously helped by the strong gains of Bitcoin earlier this morning.
This trade is based on the idea that ATM will finally break-out of the horizontal channel in which it has been trading for almost three weeks.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
This trade is based on the idea that ATM will finally break-out of the horizontal channel in which it has been trading for almost three weeks.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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