$ATOM Surge: $69.2K Short Liquidation at $9.208 Fuels Momentum!

A significant $69.2K short position was liquidated at $9.208, signaling bullish strength as bears are forced out of the market.

This could be the start of a potential rally, with buying momentum driving prices higher.

Strategic Moves for Traders:

1. For Bulls:

If $ATOM holds above $9.20, look for a push toward $9.50 and possibly $9.80.

Ideal entry zone: $9.10–$9.20, with a stop-loss below $9.00 to manage downside risk.

2. For Bears:

Watch for resistance near $9.50. A rejection here could lead to a pullback toward $8.80.

Shorting may be viable on failed breakouts above $9.50, with stops above $9.60.

Key Levels to Monitor:

Support: $9.00, $8.80

Resistance: $9.50, $9.80

$ATOM is gaining strength—track the key levels for your next trade and stay ready for volatility!

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