$RED Currently, the price is 0.6067, which is above your entry point (0.5891), and the position remains in the negative.
Current situation: • The price continues to test 0.605-0.61, but has not yet established itself above. • RSI (12) and (24) are not yet in the overbought zone, but are close to a downward reversal. • Volumes have dropped after the recent rise, which may signal a weakening of the upward movement.
What’s next?
✅ Good for shorting: if the price cannot establish itself above 0.61 and starts to fall below 0.60. Then the target is 0.595-0.589. ❌ Dangerous for shorting: if the price establishes itself above 0.615, this could lead to a rise in the 0.63-0.665 zone.
Your options:
1️⃣ Hold — if you are confident that there will be a downward reversal. 2️⃣ Lock in part of the loss if the price establishes itself above 0.615. 3️⃣ Add to the short if there is weakness at the levels of 0.61-0.615, but this will increase risks.
#Red The current price is 0.6067, which is above your entry point (0.5891), and the position remains in the red.
Current situation: • The price continues to test 0.605-0.61, but has not yet established itself above. • RSI (12) and (24) are not yet in the overbought zone, but are close to reversing downwards. • Volumes have fallen after the recent rise, which may signal a weakening of upward movement.
What’s next?
✅ Good for shorting: if the price cannot establish itself above 0.61 and starts to fall below 0.60. Then the target is 0.595-0.589. ❌ Dangerous for shorting: if the price establishes itself above 0.615, this could lead to a rise into the 0.63-0.665 zone.
Your options:
1️⃣ Hold — if you are confident that a downward reversal will occur. 2️⃣ Lock in part of the loss if the price establishes itself above 0.615. 3️⃣ Add to the short if there is weakness at the 0.61-0.615 levels, but this will increase risks.
They went straight to the very bottom until 5'77 and then went to the top after they liquidated it
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Bullish
$ATOM traders witnessed a fierce liquidation event as $1.5756K in shorts got wiped out at $6.218.
The pressure is mounting, and volatility is rising, signaling a potential breakout for $ATOM. . With liquidations acting as fuel, could we see a surge toward new highs?
The market structure suggests that $ATOM is gaining strength.
If buyers push past resistance, we might see a retest of $6.50, with a potential rally toward $7.00.
On the flip side, failure to sustain momentum could lead to a retest of $6.00.
Traders should watch volume and open interest, as another round of liquidations could spark a bigger move.
If the trend remains intact, $ATOM might just be gearing up for a major breakout. Stay sharp—volatility is here!