$ATOM has printed a clean range expansion followed by hesitation near the upper band. After failing to hold the highs, price is now showing slowing momentum and reduced volatility, a typical sign of exhaustion. This structure suggests distribution at the top rather than strength for continuation.
Price remains capped below a key supply zone where sellers have consistently defended. The inability to push higher despite multiple attempts indicates weak demand, while downside liquidity remains untested and attractive.
Support and resistance are clearly defined. On the upside, resistance sits around 2.05–2.07, acting as the main rejection zone. A higher resistance lies near 2.12–2.15. On the downside, first support is around 2.02–2.03. If that fails, the next major support is around 1.98–2.00.
Bias remains bearish while below resistance.
Short Trade Signal
Margin: 20x – 50x (Cross)
Entry 1: 2.05
Entry 2: 2.07
Take Profits:
TP1: 2.02
TP2: 1.98
Stop Loss:
* 2.16
Short
#ATOM Here 👇🏻👇🏻