ATOMUSDT Nearing a Breakdown – More Pain Ahead?Yello, Paradisers! Is ATOMUSD gearing up for a deeper decline, or can the bulls pull off a breakout reversal? The latest price action suggests a major move is coming let’s break it down.
💎#ATOMUSDT remains in a strong downtrend, repeatedly rejecting from the key resistance trendline and the 200 EMA. The latest attempt to break above the supply zone $4.445 was firmly rejected, reinforcing bearish control. Sellers continue to dominate, keeping the price below the $4.445 supply zone, making ATOM vulnerable to further downside. Until this level is reclaimed, the trend remains bearish.
💎The next key downside target is the $3.740 support zone, where a temporary relief bounce could occur. However, if selling pressure persists, ATOM could drop further toward the $3.482 major support, a historically strong buying area.
💎For the bulls to regain control, #ATOM must break above $4.445 and push beyond the 200 EMA near $4.80. However, a true trend reversal will only be confirmed if ATOM closes above $5.90, invalidating the bearish setup.
Stay patient, Paradisers! The market rewards discipline. If we see confirmation, we take action. If not, we wait. Trade smart, not fast!
MyCryptoParadise
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