BEARISH DIVERGENCE confirms the rejection โ
$ATOM bounce looks like a gift for shorts.
$ATOM - SHORT
Trading Plan:
Entry: 1.520 โ 1.540
SL: 1.605
TP1: 1.491
TP2: 1.460
TP3: 1.440
Why this setup?
RSI is marking a clear bearish divergence at 45.00 the recent minor highs in price came with lower RSI peaks than the prior swing, showing momentum fading even as price attempts to bounce.
That bounce is running directly into the horizontal 1.520โ1.535 resistance box, which sits right below the OFERTA OB 4H supply zone (1.560โ1.600) a stacked resistance cluster overhead.
The descending trendline from the highs is also still intact, adding another layer of confluence against this bounce holding.
The projected path lines up with a rejection from this zone back toward 1.440, retesting the last consolidation shelf before the recent breakdown.
#ATOM #crypto Click here to Trade ๐