$ATOM /USDT BEARISH TECHNICAL ANALYSIS 📉
Current Price: $4.23
Key Levels:
Resistance: $4.30
Support: $3.81
Market Outlook:
$ATOM /USDT is showing signs of bearish momentum as it struggles to break above the $4.30 resistance level. A failure to break above this level could lead to further declines towards the support at $3.81.
Trade Setup:
Short Entry: $4.23
Take Profit (TP): $4.00, $3.81
Stop Loss (SL): $4.40
Risk Management:
Risk 2% per trade
Target 1:3 risk-to-reward ratio
Stay cautious around the $4.30 level, as a rejection here could confirm the bearish trend. 📉
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