Fluctuations in a Range-Bound TrendATOM is in a range-bound trend but is experiencing strong fluctuations that may indicate the entry of strength into the market. These fluctuations could signal a potential change in the trend’s direction or the continuation of the current movement.
Potential Scenarios:
1. Downward Movement and Stop-Loss Collection:
• One possible scenario is that ATOM may first move downwards to lower levels, collecting stop-losses in these areas. After absorbing demand and attracting new buyers, the price could then move upwards, initiating a new upward trend.
2. Continuation of the Uptrend After a Short-Term Correction:
• If ATOM can move upwards after a brief downward correction without breaking below key lower levels, this could indicate market strength and a willingness to continue the uptrend. In this scenario, the price may reach higher levels and experience significant growth.
