$ATH : The Recovery Pivot — Reversal or Relief Rally?
$ATH is finally showing signs of life after a prolonged slide. We’ve officially broken out of a steep descending channel and are now seeing a textbook retest of the breakout zone. Is the bottom finally in?
🔍 Technical Breakdown
The Setup (1H & 4H):
Price has successfully punched out of its long-term bearish channel and is currently pulling back to retest a fresh Inversion Fair Value Gap (I-FVG). This area is acting as a "buy zone" where aggressive sellers are being absorbed by limit orders. Market structure is shifting from Bearish to Neutral-Bullish as we carve out a new support floor.
The Goal:
We are looking for a base to form between 0.0055 – 0.0056. If buyers hold this level, the liquidity resting at previous swing highs becomes the primary magnet for the next leg up.
🎯 The Trade Setup: Recovery Entry
Entry Zone: 0.0055 – 0.0056
Take Profit 1: 0.0058 (Local Resistance)
Take Profit 2: 0.0060 (Structural Target)
Stop Loss: 0.00535
💡 Pro Tip: Watch the volume on the retest. We want to see decreasing sell volume as we hit the I-FVG, followed by a sharp "impulse" candle back up to confirm the reversal.
⚠️ Risk Assessment
While the trend is flipping, the macro environment remains cautious. A close below 0.00535 would suggest the breakout was a fakeout, likely leading to a new local low. Trade with discipline!
What’s your take? Is $ATH ready to fly, or are you waiting for more volume? Drop your thoughts below! 👇
