analysis 📊 Cosmos ATOM-->>USDT Technical Analysis – 4H Timeframe

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This is a detailed technical analysis of Cosmos (ATOM) on the 4-hour timeframe. Below, you will find key insights, including support & resistance levels, trend direction, trade setups, and entry/exit points.

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1. Market Trend Overview

📉 Overall Trend: Bearish (Downtrend)
🔎 Recent Price Action: ATOM has been in a significant downtrend, forming lower highs and lower lows. The price is currently testing a critical support zone.
📊 Indicators Used:

• Support & Resistance (S&R) Levels
• Breakout & Wick Rejections
• Bearish & Bullish Signals

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2. Key Support & Resistance Levels

🔻 Support Levels (Potential Buy Zones):

• $3.78 – Current local support (may act as a bounce zone)
• $3.50 – Major historical support zone (strong buy interest)

🔺 Resistance Levels (Take-Profit Targets):

• $3.88 - $3.90 – First local resistance (short-term target)
• $4.10 - $4.20 – Mid-term resistance (potential reversal point)
• $4.94+ – Long-term breakout level (bullish scenario)

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3. Trading Strategy: Best Plays

🔹 Buy Scenario (Long Trade - Countertrend Play)

If the price shows a strong bounce from $3.78 - $3.50, a long position can be considered.

• Entry: Around $3.78 (confirmation needed)
• Target 1: $3.88 - $3.90
• Target 2: $4.10 - $4.20
• Stop Loss: Below $3.50 (to minimize risk)

🔻 Sell Scenario (Short Trade - Trend Continuation)

If ATOM fails to break above $3.90 - $4.10, a short position can be taken.

• Entry: Around $3.88 - $3.90 (after rejection confirmation)
• Target 1: $3.78
• Target 2: $3.50
• Stop Loss: Above $4.10

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4. Additional Observations

✔ Bearish Momentum: The price continues to form lower highs, indicating further downside potential.
✔ Breakout Possibility: A strong breakout above $4.10 - $4.20 could trigger a trend reversal.
✔ Wick Rejections: The presence of bearish wicks suggests sellers are defending higher levels.

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