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Is $ATOM finally done with the bloodbath or is this just another trap?
Looking at the daily candle, we are sitting right at 1.810. It’s a weird spot because we’ve been consolidating after that nasty drop to the 1.60 support zone.
The price is trying to grind higher, but there is some clear resistance sitting around 1.86. If we can't clear that soon, we might just slide back down to test the lows again.
Volume is looking pretty thin which makes me a bit nervous. Usually, you want to see a big spike to confirm a trend reversal, but right now it feels like everyone is just sitting on their hands.
I'm keeping a close eye on the 1.77 level as immediate support. If that holds, we might have a shot at testing 1.96 next.
Are you guys buying this local bottom or waiting for more proof?
#WCTCTradingChallengeShare8MUSDT