$ATA 15m:
- To be frank, I expect the decline in ATAUSDT to continue for now. If the price rises to between 0.0381-0.0386, there will be a very strong short opportunity there. If a short position is opened with a tight stop from this area, the first target will be 0.0372, the second target will be 0.0368, and 0.0365.
- To enter a short trade, a clear confirmation is required there (0.0381-0.0386), such as a bearish engulfing, pin bar, or a downward breakout on the 5m chart. Never enter a trade blindly.
- If the price wicks below 0.0372 and quickly recovers, a long opportunity can be attempted after liquidity gathering there, but don't forget that the main trend is down; this would be more of a scalp-style short-term opportunity.
- I recommend considering swing high or swing low levels for stop-loss. For example, if you open a short, it would be reasonable to exit on a close above 0.0386; if you open a long, you should exit if a new low is formed after a wick below 0.0372 #MyTradingStyle #MarketPullback