Cosmos / TetherUS
Panjang

ATOMUSDT - Another descending wedge and Entry timing!

1 066
ATOMUSDT
4H trend chart

Refer to last analysis post(link as below)
ATOMUSDT - Nice entry timing of this big flag!/Trading strategy

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We'll set new TP/SL from previous strategy about ATOM here.
From previous analysis, we put a descending wedge on ATOM and predict it was gonna break out the trend line.
It did break out the line and was close to TP1, but further got resistance from another short-term trend line.
Now, there is a new and small wedge, but I' rather seem it as a triangle, because the support level works around $34.28.
If price can take out the short-term downtrend line, trading strategy as below.
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Profit Targets:
a) 44.8----Fib(1)
b) 52.29~55.32-----Fib(1.272~1.382)
c) 72.35-----Fib(2)

Stop losses:
a) 31.58-----Red horizontal ray
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