The $ATOM situation, after the rebound

ETH just joined the M50 daily which caused a legitimate rejection. In the meantime, ATOM joined the 32ish level which also caused rejection, legitimate one as well.

Now, we want to see a slow retrace to the 29,5-30 level where bulls will need to show up strong to pursue the HTF uptrending

H4 is the key TF, imho

I will be waiting ATOM at this 29,5 level, with cash from the previous short to go long and target 36 / 44 / 97 long term

Komen:

There we go, bulls need to get out of the woods. Now. I am long, big time.

Komen:

SL is below the next area, at 24,8

Komen:

A reclaim of the 29,5 area is an absolute necessity for continuation. If not, this is a no go for me

Komen:

Nice action today... SL still at same level. Patience my friends...

Komen:

Situation is highly uncertain. I am cutting 50% of the position before the SL, we just validated a lower high.

Komen:

I am out. If we pump from here, I will buy back on a drawback. Will probably reduce trading in the next days/weeks