Cosmos ( #ATOM ) High-Timeframe Technical Analysis: Potential +590% Gain
🔹 Monthly Power of 3 Setup:
#Cosmos is demonstrating a Power of 3 setup on the Monthly Timeframe:
1️⃣ Accumulation Phase: Price formed sideways liquidity within an accumulation zone.
2️⃣ Manipulation Phase: Price broke below the accumulation zone, targeting SSL at the $4.230 level, trapping sellers in the process.
3️⃣ Distribution Phase (Potential): With liquidity secured, the price is poised for an upward move targeting the ATH at $44.800.
▪️ Potential Gain: From the current level, this scenario indicates a potential rally of +590% to the ATH.
Key Levels to Watch:
▪️ Accumulation Zone: $4.230
▪️ Target: $44.800 (ATH)
Technical Summary:
▪️ Accumulation → Manipulation → Distribution phases align with SMC.
▪️ Strong bullish structure emerging as liquidity shifts upward.
Keep an eye on volume confirmations and potential retracements for optimal entries.
