$ATOM Rejected at Resistance – Downtrend May Continue
Cosmos ($ATOM) faced a strong rejection near the $4.75 resistance zone, forming a clear lower high and continuing its bearish structure. Price is currently hovering around $4.56 with weak bullish momentum. If it fails to break back above $4.60, further downside toward $4.40–$4.30 is likely.
Trade Setup:
Type: SHORT
Entry: $4.58 – $4.62
Stop Loss: $4.68
Target 1: $4.48
Target 2: $4.38
Target 3: $4.30