ATOM/USD - I want to buy, price looks good. NO!!! ⛔

"Duo, ATOM price looks juicy, should I buy?"

NO. ⛔

"But why - I want to FOMO!"

Do you see that uptrend? The price broke below it... it's over. What you can expect is a... DOWNTREND or a significant correction.

Not only did ATOM break its uptrend, it also broke below the key support at $13.

Also, check the MACD on this 3-day timeframe. It's about to flip BEARISH... yeah.

Hold to your cash.

"OK, OK - so when do I FOMO?"

I would only start to consider it when ATOM is at $10. There is good support there, but if the market turns really bearish with BTC under 18k (see my BTC idea below), then you can expect even one-digit levels again.

So there you go, ATOM is bearish in my eyes for the next month at least...

Trade accordingly.

Like and follow if you liked my idea!