$ATOM at $1.66: are shorts finally too crowded, or is this just the next leg lower? 🤔
Down 8.32% today, with $3.20M traded. The 4h RSI is 39, but volume is only 0.1x the 20d average. Funding sits at -0.024%, meaning shorts are paying while conviction stays thin.
Still chopping. $SOL strength won’t magically fix this chart.
At $1.60, I’d want a clean reclaim before respecting any bounce. ⚠️📉
#ATOM #Altcoin
Down 8.32% today, with $3.20M traded. The 4h RSI is 39, but volume is only 0.1x the 20d average. Funding sits at -0.024%, meaning shorts are paying while conviction stays thin.
Still chopping. $SOL strength won’t magically fix this chart.
At $1.60, I’d want a clean reclaim before respecting any bounce. ⚠️📉
#ATOM #Altcoin