They went straight to the very bottom until 5'77 and then went to the top after they liquidated it
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Bullish
$ATOM traders witnessed a fierce liquidation event as $1.5756K in shorts got wiped out at $6.218.
The pressure is mounting, and volatility is rising, signaling a potential breakout for $ATOM. . With liquidations acting as fuel, could we see a surge toward new highs?
The market structure suggests that $ATOM is gaining strength.
If buyers push past resistance, we might see a retest of $6.50, with a potential rally toward $7.00.
On the flip side, failure to sustain momentum could lead to a retest of $6.00.
Traders should watch volume and open interest, as another round of liquidations could spark a bigger move.
If the trend remains intact, $ATOM might just be gearing up for a major breakout. Stay sharp—volatility is here!
