$ATM /USDT – Reversal Incoming or Just Another Bear Trap?
Tread Carefully!
After crashing down from $1.39, $ATM is showing signs of life near $1.22 — but don’t get too comfy just yet. Bulls are trying to reclaim lost ground, but the setup still leans bearish.
Chart’s Telling a Story — and It’s Full of Traps.
Bearish Setup:
Scalp Short Opportunity (Only if weakness appears):
Entry Zone: $1.23 – $1.26
Target 1: $1.19
Target 2: $1.15
Target 3: $1.10
Stop-Loss: Above $1.28
Key Triggers to Watch:
Rejection Wicks near resistance? Red flag for bulls.
Fading Volume on attempts above $1.26? Potential short entry confirmation.
Fakeouts likely — don’t chase green candles blindly!
What to Expect?
This could be a reversal play if bulls gain momentum above $1.28 with volume. But if $1.26 acts as a lid, bears may slam it back down fast.
Pro Tip: Scalpers — stay sharp. Position traders — wait for confirmation. Don't let emotions trade for you.