#NFA#DYOR
Update January 8th, 24
As from first TA, it touched two times the green buying area and got up by 61% so far. What now? You can put the 61% profits in your pocket, or do a partial. Now we have a 12% possible upward (without correction in $1.25) and possible 24% correction ($.89) and Weekly (blue) trendline to go up. As this gives a 0.5 Risk reward, i do not recommend, but if you are a long time holder.. that's on you!
Update December 17th, 23
Still searching for the Mothly (purple). My orders are still waiting. There May be a chance to Pivot on $.66~.5834
Update December 10th, 23
As we can see, the 4h trend (orange) and the weekly (blue) were seen as price moved around. The 4h was broke and we're now inseide the yellow triangle. As for me, I'm looking to a test on the Monthly (purple). The Stop and Profits are still the same as the initial approach.
Good upside, but risky business.
ATOR's TA is kinda bittersweet right now, due to news from protocol changes , brought by @Jeppopo <3.
TA Perspective
It's risky because its fighting a Weekly trend (blue) that formed while correcting from its All-time high (ATH) and the Monthly trend (purple) is 20% down of the actual price. The Silver Lining is the .78 Fibo that it already touched, implying that the major correction my have already ended.
#How to Proceed ? For riskier traders - You can buy while the 4h trend (Orange) is not broken and seek profits when next altseason comes. For Safer ones, you can make an entry in the green triangle and stop if it looses the Monthly trend and/or $.52. Profits should be taken in obvious prices like $1 and on $1.12 ; $ 1.24 $1.37 $1.5 If you are looking after a fundamental long term investment, $1.7 until $3.5 are foresseable points, if the project doesn't implode from internal problems.
Keep Safe! Show Less
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