$ATOM Here's an organic and unique analysis of the market situation with simple terms:

Analysis After Long Liquidation

The market recently saw a long liquidation worth $1.9034K at the price level of $7.4.

This indicates that traders betting on a price rise (long positions) were forced to sell due to the sudden price drop. Liquidations often happen when the market is volatile and uncertain.

What’s Next for $ATOM.

The current price level of $7.4 acts as a potential support zone, but we need to carefully observe the market's behavior before making decisions.

Buy Zone:

If $ATOM shows signs of reversal, consider buying near $7.2 - $7.4. These levels may provide a good entry if there’s strong demand.

Target Levels:

1. Target 1: $7.8 (short-term resistance)

2. Target 2: $8.2 (medium-term resistance)

3. Target 3: $8.6 (strong resistance if bullish momentum builds)

Stop Loss:

Place your stop loss slightly below the support zone at $6.9 to protect against further downside.

Factors to Monitor:

1. Market Sentiment: Check how Bitcoin and other major cryptos are performing, as $ATOM often follows the general market trend.

2. Volume Analysis: Ensure the upward movement is supported by strong buying volume.

3. News Updates: Keep an eye on Cosmos ($ATOM) ecosystem updates or any macroeconomic factors affecting crypto.

Advice:

Trade cautiously, as liquidations often signal high volatility. Stick to your stop loss and take profits at your targets to avoid unnecessary risks. If the price breaks below $6.9, wait for stabilization before re-entering the market.

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