🚨 $ATM /USDT SHORT TRADE ALERT! 🚨
Current Price: $1.524 📉 -2.81%
💡 Market Overview:
$ATM is struggling to break above the $1.560 resistance zone, as shown by multiple failed breakout attempts (highlighted in purple). This signals a potential double-top formation, indicating weakening bullish momentum.
📉 Key Resistance & Support Levels:
Major Resistance: $1.560 - $1.573
Immediate Support: $1.500
Next Support: $1.480 - $1.460
🔻 Short Setup:
Entry Zone: $1.530 - $1.550 (After rejection confirmation)
Stop Loss: $1.575
🎯 Target Zones:
TP1: $1.500
TP2: $1.480
TP3: $1.460
🔥 Trade Strategy: Price is facing strong selling pressure at the resistance level. If $1.500 breaks, we could see a sharp drop to lower support levels. Wait for confirmation before entering short!
⚠️ Risk Management: Keep a tight stop-loss above $1.575 and use proper position sizing! 📊
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