Will $ATOM be able to hold above the downtrend?

Following the breakout of the falling trend in recent days, $ATOM seems to have made a retest. If it can close above the falling trend on the 4-hour or daily chart, it may continue its upward movement. Of course, what’s important here is the results of the FOMC meeting on May 3rd. If there is a negative outcome, and it fails to close above the falling trend, it may drop to the pink box I have defined (10.40$-10.65$).

The analyses shared here are not investment advice, but rather support and resistance levels that are considered to provide short to medium term trading opportunities in the market. The responsibility for making trades and managing risks lies with the user. It is strongly recommended to use stop loss in trades shared here.

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