$ATM /USDT – Breakout Rejected, Pullback in Motion

trade setup :

Current Price: $1.188 (+3.76%)

After a sharp breakout attempt, $ATM faced strong rejection near the $1.30 resistance zone, initiating a corrective move with lower highs forming — signaling weakening momentum.

Key Technical Levels:

• Resistance: $1.250 – $1.300

• Support: $1.165 – $1.140

Short Setup in Focus:

Entry Zone: $1.195 – $1.205 (ideal rejection zone)

Targets:

• TP1: $1.165

• TP2: $1.140

• TP3: $1.109

Stop-Loss: Above $1.225 (structure break level)

Market Context:

Fan tokens are known for fast-paced reversals. Current volatility and quick profit-taking suggest a potential local top. A confirmed lower high near $1.20 could offer a clean short entry.

Risk Note:

Manage SL tightly — ATM price action can reverse rapidly.

Watchlist Alert:

Monitor the $1.20 level closely for rejection confirmation.

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