ATOMUSD D1: PRICE/ RSI DIV WARNING / 65% correction(SL/TP)(NEW)

ATOM/USD COINBASE:ATOMUSD

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ATOMUSD D1: PRICE/ RSI DIV WARNING / 65% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ALGOUSD. Just showing
signs of weakness and recommend to stay out
of this market into the pullback.

🔸 Summary and potential trade setup
::: ATOMUSD daily chart review
::: not a great looking chart
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 40-60% pullback possible next
::: 6-10 weeks in Q3/Q4 2021
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +50% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

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source https://www.smartmoneymanagement.info/2021/09/atomusd-d1-price-rsi-div-warning-65.html