Bullish View on ATOMUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy ATOM Perpetual future at $7.9</li>
</ul>
Stop Loss: $7.3
Target: $8.8
Payoff:
Max Profit: $0.90/ATOM
Max Loss : $0.6/ATOM
<img loading="lazy" decoding="async" class="aligncenter wp-image-32936 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-1024x629.jpeg" alt="" width="525" height="322" srcset="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-1024x629.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-300x184.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-768x472.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-24x15.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-36x22.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM-48x30.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.39-PM.jpeg 1194w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
On the daily chart of ATOM USDT, it appears that the asset has emerged from a previous downtrend and successfully breached the resistance at the 7.6 level.
Following the breakout of a double top pattern, the asset is now in an established uptrend
 
<img loading="lazy" decoding="async" class="aligncenter wp-image-32940 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-1024x480.jpeg" alt="" width="525" height="246" srcset="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-1024x480.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-300x141.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-768x360.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-36x17.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM-48x23.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-4.53.28-PM.jpeg 1330w" sizes="(max-width: 525px) 100vw, 525px" />
 
Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 31 Oct -2 23