Technical analysis by Wavetrendtrading about Symbol ATOM: Sell recommendation (4/13/2025)

🔻 ATOM/USD – 55 SMA Rejection + Bear Power PressureTimeframe: H4Bias: BearishEntry Type: Confluence Rejection + Momentum Confirmation🔍 Trade IdeaPrice has rejected cleanly off the 55 SMA, failing to break through previous structure highs while remaining well below the 800 EMA. The market printed lower highs in a consolidation block before breaking down, suggesting a liquidity sweep followed by seller control.Williams %R is printing below -80, exhibiting bearish crossover behavior, and Bear Power remains negative, indicating continued downward strength.📍 Technical Confluence55 SMA sloping downward with direct price rejectionPrice remains below the 800 EMA (bearish bias confirmed)Bear Power histogram remains red, confirming pressure from sellersWilliams %R (100 + 50) both breaking through -80, validating downside momentumTP levels aligned with BB(400) zone support (TP2/TP3)📉 Execution PlanEntry: $4.26Stop Loss: $4.70 (above the previous structure rejection & SAR reversal)TP1: $4.00TP2: $3.70TP3: $3.54 (aligned with Bollinger Band 400 deviation zone)