📊 Chart Request #2 $ATH 🚨
After looking at the chart, I still believe more downside is likely before any meaningful recovery.
Price has broken down from the channel structure and is currently struggling to reclaim previous support levels. So far, the chart doesn't show enough strength to convince me that the correction is over.
📉 My Expectation:
More downside pressure in the short term
High probability of revisiting the green
demand zone below
Potentially reaches the next dump zone within the next 1–2 weeks
The RSI has recovered slightly from oversold conditions, but it still isn't showing the kind of momentum I'd want to see before calling for a larger reversal.
For now, my focus remains on the highlighted green zone as the area where I would expect buyers to start showing stronger interest.
Current Bias: Bearish Short-Term 📉
Expected Move: More downside before a potential bottom forms 👀
⚠️ Not financial advice. This is simply my personal opinion based on the current chart structure and probability.
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