๐ATOM has recently exhibited significant market dynamics by breaking out of a major descending channel pattern, signaling a bullish momentum, particularly noteworthy due to the breakout occurring on a high timeframe.
๐ However, further upside probability hinges on overcoming the resistance area to reach our target zone.
๐ In the event of failure to breach the resistance, resulting in rejection, there's a possibility of a downward move towards retesting the support trendline or the demand area.
๐ The demand area holds considerable significance, as a failure to bounce from this level could indicate a bearish reversal, potentially leading to further downward movement for ATOM.
๐ However, further upside probability hinges on overcoming the resistance area to reach our target zone.
๐ In the event of failure to breach the resistance, resulting in rejection, there's a possibility of a downward move towards retesting the support trendline or the demand area.
๐ The demand area holds considerable significance, as a failure to bounce from this level could indicate a bearish reversal, potentially leading to further downward movement for ATOM.
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๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV