ATOM 15-minute cycle still hasn't returned to the bottom of the yellow channel, but from a smaller timeframe (purple channel), the pattern is starting to look interesting. Watching the potential failed swing pattern at the bottom (SFP), this kind of movement also appeared about an hour ago at the top.
The order book situation on mainstream exchanges is worth paying attention to—there are quite a few limit orders stacked below the last low point. This dense order book is often a typical sign of market participants trying to bottom fish, and the subsequent breakout will be quite critical. If a true and effective breakout of this support area occurs, it could trigger a chain reaction.
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RamenStacker
· 12-16 19:50
The buy-the-dip orders are so dense, it feels like waiting for a signal.
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BugBountyHunter
· 12-16 19:37
Wow, this accumulation of buy orders is pretty intense. Is it really going to break the support?
ATOM 15-minute cycle still hasn't returned to the bottom of the yellow channel, but from a smaller timeframe (purple channel), the pattern is starting to look interesting. Watching the potential failed swing pattern at the bottom (SFP), this kind of movement also appeared about an hour ago at the top.
The order book situation on mainstream exchanges is worth paying attention to—there are quite a few limit orders stacked below the last low point. This dense order book is often a typical sign of market participants trying to bottom fish, and the subsequent breakout will be quite critical. If a true and effective breakout of this support area occurs, it could trigger a chain reaction.