$ATOM
Looks like ATOM is trying to catch a small breath after that brutal slide. We’re seeing a tiny bounce of about 1.2% today, but let’s be real: being down 65% on the year means the bears are still firmly in the driver's seat.
The RSI is hovering near oversold territory, which usually smells like a "relief rally" is coming. It’s a risky play in this "Extreme Fear" climate, but if you’re looking to scalp the bounce, here’s the setup based on the current charts:
The Setup:
EP Around $1.68 - $1.69 (Current market price is showing some stability here).
TP1: $1.73 (Right at the MA99 resistance—don't get greedy).
TP2: $1.82 (If it actually breaks the trend and gains some steam).
SL : $1.64 (Just below the 24h low. If it breaks this, the floor could drop fast).
The trend is still heavy, so keep your position sizes small. This is definitely a "trade with caution" kind of day.