🔻 ATOM/USD – 55 SMA Rejection + Bear Power Pressure
Timeframe: H4
Bias: Bearish
Entry Type: Confluence Rejection + Momentum Confirmation
🔍 Trade Idea
Price has rejected cleanly off the 55 SMA, failing to break through previous structure highs while remaining well below the 800 EMA. The market printed lower highs in a consolidation block before breaking down, suggesting a liquidity sweep followed by seller control.
Williams %R is printing below -80, exhibiting bearish crossover behavior, and Bear Power remains negative, indicating continued downward strength.
📍 Technical Confluence
55 SMA sloping downward with direct price rejection
Price remains below the 800 EMA (bearish bias confirmed)
Bear Power histogram remains red, confirming pressure from sellers
Williams %R (100 + 50) both breaking through -80, validating downside momentum
TP levels aligned with BB(400) zone support (TP2/TP3)
📉 Execution Plan
Entry: $4.26
Stop Loss: $4.70 (above the previous structure rejection & SAR reversal)
TP1: $4.00
TP2: $3.70
TP3: $3.54 (aligned with Bollinger Band 400 deviation zone)
Timeframe: H4
Bias: Bearish
Entry Type: Confluence Rejection + Momentum Confirmation
🔍 Trade Idea
Price has rejected cleanly off the 55 SMA, failing to break through previous structure highs while remaining well below the 800 EMA. The market printed lower highs in a consolidation block before breaking down, suggesting a liquidity sweep followed by seller control.
Williams %R is printing below -80, exhibiting bearish crossover behavior, and Bear Power remains negative, indicating continued downward strength.
📍 Technical Confluence
55 SMA sloping downward with direct price rejection
Price remains below the 800 EMA (bearish bias confirmed)
Bear Power histogram remains red, confirming pressure from sellers
Williams %R (100 + 50) both breaking through -80, validating downside momentum
TP levels aligned with BB(400) zone support (TP2/TP3)
📉 Execution Plan
Entry: $4.26
Stop Loss: $4.70 (above the previous structure rejection & SAR reversal)
TP1: $4.00
TP2: $3.70
TP3: $3.54 (aligned with Bollinger Band 400 deviation zone)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.