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Cosmos(ATOM): Might Fall Further Down!

Short
BYBIT:ATOMUSDT.P   ATOMUSDT Perpetual Contract
Cosmos has recently had a nice downward movement, resulting in a full breakdown of EMAs and local support zones. As of now, we have also had a successful re-test of the broken zone.

We are keeping an eye on potential further movement to lower zones, which has a high probability, but only as long as we strongly hold that re-tested zone.

If we see a breakout attempt, we will most likely see a movement to the upper zones of EMAs.

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