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$ATOM / USDT — Bearish Momentum at Resistance
ATOM is trading around 2.33 after a sharp rebound
from the 2.26 support zone, but price is now facing
rejection near the 2.35–2.38 resistance area. On the
1H timeframe, momentum is shifting bearish, with
sellers stepping in after the relief bounce and price struggling to hold above the mid-range.
Direction: Short
Entry Zone:
2.32 – 2.35
Targets:
TP1: 2.28
TP2: 2.24
TP3: 2.20 (key demand zone)
Stop Loss:
Above 2.40
Bias:
Bearish while below 2.36–2.38. As long as ATOM
remains capped under this resistance, downside
continuation toward 2.28 → 2.20 is likely. A strong
breakout and close above 2.40 would invalidate the
bearish setup and shift momentum back to bullish.
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