$ATOM

/USDT Technical Analysis & Trade Signal🔥💯

Current Price: $6.569

Trend: Bearish (Price down 5.26% in 24 hours)

Trade Signal: Short-Term Bullish Rebound

Momentum: Weak but recovering from oversold levels (Potential bounce expected near $6.45 support).

Indicators:

RSI: Near 30 (oversold region, potential for upward movement).

Moving Averages: Price below the 50-day MA, indicating a downtrend but ripe for a pullback.

MACD: Convergence in bearish territory, watch for a crossover.

Trade Plan

Entry Zone: $6.45 - $6.55 (upon confirmation of support hold).

Stop-Loss: $6.30 (below the recent low).

🎯 Target Levels:

1. Target 1: $6.75 (near immediate resistance).

2. Target 2: $7.00 (psychological barrier and prior high).

3. Target 3: $7.20 (strong resistance level on a breakout).

Caution: Maintain tight stop-loss in case of market volatility or continuation of bearish trend.

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