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š Short-Term Analysis for
$ATOM /USDT (15m - 1h - 4h) š„
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š Why a Short Trade?
1ļøā£ Key Resistance at $4.90 - $4.96 š§
š¹ ATOM has faced strong rejection near $4.96, signaling potential downside.
š¹ If price stays below $4.90, expect further selling pressure toward $4.80 - $4.75.
2ļøā£ Lower Highs Formation š
š¹ ATOM is forming lower highs, indicating bearish momentum.
š¹ A break below $4.82 could trigger a stronger downside move toward $4.75 - $4.70.
3ļøā£ Decreasing Volume, Bears in Control š
š¹ 24H Volume: 8.35M USDT ā Sellers increasing.
š¹ If ATOM fails to reclaim $4.90, expect further downside toward $4.70.
4ļøā£ Key Support at $4.75 - $4.70 š
š¹ A breakdown below $4.75 will confirm further downside toward $4.65.
š¹ Watch for a strong bearish candle with volume for confirmation.
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š Short-Term Trade Setup (15m - 1h - 4h) š
š¹ Short Entry: $4.85 - $4.90 (On pullbacks)
šÆ Targets: $4.82, $4.75, and $4.70
š Stop Loss: $4.96 (Above resistance)
šø Breakdown Confirmation:
ā
If $4.82 breaks, expect a move toward $4.70.
ā
If ATOM reclaims $4.96, consider exiting shorts.
ā ļø Risk Management:
šø Keep SL tight above $4.96 to minimize risk.
šø Watch volume & price action for bearish continuation confirmation.
š Overall Bias: Bearish (As long as $4.90 holds as resistance)
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