$ATM /USDT – SHORT TRADE SETUP AFTER STRONG REJECTION
$ATM pumped aggressively to 1.73 but faced a sharp rejection with long upper wicks and strong red candles. Price is now losing bullish momentum and forming a lower high structure, indicating a potential trend reversal.
ENTRY LEVEL:
1.600 – 1.620
STOP LOSS:
Above 1.740
TARGET POINTS:
TP1: 1.520
TP2: 1.470
TP3: 1.420
TRADE INSIGHT:
After a vertical breakout, ATM failed to hold above 1.70 and quickly reversed. The current pattern suggests fading buyer strength and potential for deeper retracement. A short position from the rejection zone offers a high-probability trade with clear invalidation.
Risk Management:
Use strict stop loss above the rejection wick. Adjust lot size for volatility. Avoid entries if price closes back above 1.70 with strength.