🔻 “$ATM Withdrawn – Bulls Take a Pause Before the Next Push?” 🔻
Timeframes: 1D & 1H
The bulls came in with a blast. The wick pierced above $1.25, waking up long-dormant $ATM holders with hope—but as quickly as it spiked, the sellers reminded the market that no throne is easily taken.
🧩 The Daily Showdown
A strong daily candle shot through the $1.13 (yellow 100 EMA), even daring to approach the $1.31 (200 EMA) before being forcefully rejected. The candle now stands red with a tall upper wick — a classic sign of supply zone defense.
Current Daily Price: $1.10
RSI holds at 56.77, still showing mid-strength, but slightly retreating.
20 EMA and 50 EMA are starting to curl upward — foundation for potential continuation.
🔍 Conclusion: Bulls are still in the game, but now the ball is in the zone of decision-making.
⏱️ Intraday Action (1H Timeframe)
$ATM showed early signs of exhaustion on the 1H chart.
Price currently sitting at $1.103.
A clear lower-high formation started post-1.25 spike.
RSI dropped from near 64 to 52.55, showing weakening short-term momentum.
Price sitting on dynamic 20 EMA & 50 EMA support cluster between $1.084–$1.076.
🔍 Conclusion: A small bounce could occur, but any weakness below $1.07 might invite scalper sell-offs.
💼 Trade Strategy: Bearish Opportunity with Tight Risk
📉 Short Bias Plan:🔥🚀
Entry Zone: $1.11–$1.13 (retest of rejected EMA resistance)✅
Stop-Loss: $1.15 (above wick trap zone)☣️
Target 1: $1.07
Target 2: $1.03
Target 3 (aggressive): $0.98
Trade Duration: Intraday to 1.5 days
🛡️ Risk management is key—since bulls are still watching the trendline support.
💡 Takeaway Thought:
"Markets don’t punish the patient—they punish the greedy. Fade the hype, trust the structure."
💥 Follow for more battle-tested trades that combine charts, sentiment, and trading strategy!
⚠️ This analysis is for educational purposes only. Crypto trading involves risk. Always DYOR.
