ATOM has shown weakness after failing to surpass accumulation points | $ATOM
has dropped to $4.6 for now
Moderate bearish scenario
A break of support at $4.33–$4.11 could indicate a more pronounced decline, possibly towards lower levels.
If you have already taken your money with profits: You have made a prudent decision, as the price is facing a significant correction, and the risk of losing some of those profits is high if the price does not bounce back soon.
For those still invested: If the price breaks the support at $4.70, you might consider placing a stop loss close to $4.50 to limit possible losses.
If ATOM bounces in the $4.2 – $4.8 range, it could be a good opportunity to maintain the position, as the bullish trend may return.