Major $ATOM Long Liquidation Alert!
Amount Liquidated: $55.4K
Liquidation Price: $7.950
The sudden liquidation of a significant long position highlights a shift in market sentiment for Cosmos #ATOM
This move suggests bearish pressure, with buyers struggling to hold key support levels.
What Could Happen Next for $ATOM ?
1. If ATOM falls below $7.90, we might see further decline toward $7.60–$7.70, a strong demand zone.
2. A rebound above $8.00 could restore bullish confidence, aiming for $8.20–$8.50 resistance.
3. Keep an eye on overall market conditions—if Bitcoin drops, ATOM might face additional selling pressure.
Opinion:
The market is currently uncertain, so tread carefully.
Short-term traders might look for scalping opportunities, while long-term holders could watch for dips to accumulate.
Strategy:
Consider waiting for confirmation around $7.90 support or a breakout above $8.00 before entering new positions.
#GDPSteadyPCE2.1Down #MarketInTheGreen #BSCOnTheRise #BitwiseFiles10ETFs