ATOM/SELL SHORT/Intraday Trade

4 Mar 2022

ATOM SELL SHORT

~ We're seeing a bearish divergence on this chart @ 2hrs tf
~ Forming a Rising Wedge (bearish pattern)
~ Weakening buying pressure shows on MACD Indicators
~ RSI on slightly overbought in 2hrs tf currently @ RSI 63

5 Mar 2022

Not

Since our expected pullback didn't happen at $31.3 we are now supporting at $29.52 we need to monitor this for a possible pullback on $31.7 to make a head & shoulder pattern then we can do shorting again. Buy long in this market is too risky so i will not buy long it's mini break out to $31.7 because anytime market can be againts us or on our expected next move.