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

🔻 ATOM/USD – 55 SMA Rejection + Bear Power Pressure Timeframe: H4 Bias: Bearish Entry Type: Confluence Rejection + Momentum Confirmation 🔍 Trade Idea Price 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 Confluence 55 SMA sloping downward with direct price rejection Price remains below the 800 EMA (bearish bias confirmed) Bear Power histogram remains red, confirming pressure from sellers Williams %R (100 + 50) both breaking through -80, validating downside momentum TP levels aligned with BB(400) zone support (TP2/TP3) 📉 Execution Plan Entry: $4.26 Stop Loss: $4.70 (above the previous structure rejection & SAR reversal) TP1: $4.00 TP2: $3.70 TP3: $3.54 (aligned with Bollinger Band 400 deviation zone)