$ATOM … time to short?

Yanik@bbs profile image
Jul 21, 2022

Heatwave surging through Europe:
markets them are red?
Most are but there seems to be an oasis of pristine greenery amongst the flames $ATOM

I'm no cosmonaut, but I know that many of the TERRA suite of developers migrated to polygon & cosmos.
We have seen what MATIC has done recently with the help of Disney's and other cooperate endorsements.

I did not hear of any rumours of major announcements in the pipeline for $ATOM and thus have deemed this pump to be irrational. 

I plan to be laddering into a short position with my invalidation point being just above the $12 liquidity zone

Between $11 - $12 I'll scatter my orders and put the stop loss @ $12.34Between $11 - $12 I'll scatter my orders and put the stop loss @ $12.34

I am expecting a retrace to the 15 min trend line, if not an entire collapse to the macro momentum line.

Just sharing what I'm doing 

DYOR

Banter On, Banter Strong!
✌️

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