📉 $ATOM /USDT Short Signal
🔹 Market Overview:
ATOM/USDT has shown strong upward momentum, touching a 24h high of $4.867, but it's now rejecting that level and showing bearish signs. The price is currently $4.804, breaking below the MA(7) at $4.837.
🔸 Short Entry Strategy:
Entry: $4.80 - $4.83
Stop Loss: Above $4.87 (recent high)
🎯 Profit Targets:
Target 1: $4.77 (MA(25) support)
Target 2: $4.70 (previous support zone)
Target 3: $4.62 (strong demand level)
📊 Technical Indicators:
✅ Bearish Divergence forming with lower highs in momentum
✅ Price breaking below short-term MA(7) signals weakness
✅ MA(99) at $4.525 - long-term support if a bigger drop occurs
⚠️ Risk Management:
Use low leverage (2-5x) to avoid liquidations
If price reclaims $4.85, consider closing shorts
Monitor Bitcoin (BTC) price movements for market-wide influence
