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📊 TECHNICAL BARRIER: Breaking the $0.1105$ 7-Day SMA for a Trend Flip.
The $0.1105$ 7-Day Simple Moving Average (SMA) is currently acting as major resistance. Until $AT $ can close and hold above this level for at least two daily candles, the short-term trend remains firmly bearish.
Professional Interpretation: This resistance is where short-term traders who bought higher are setting their stop-losses or relief-rally exit points. A breakout requires significant, sustained Buy Volume to absorb these sell orders.
Actionable Signal: A sustained break above $0.1105$ would be the first convincing signal since November that the low is in. This move would likely target the next resistance at $0.1488$ (the $78.6\%$ Fibonacci Retracement of the November drop).
$AT
#Resistance #TrendReversal #SMAResistance
The $0.1105$ 7-Day Simple Moving Average (SMA) is currently acting as major resistance. Until $AT $ can close and hold above this level for at least two daily candles, the short-term trend remains firmly bearish.
Professional Interpretation: This resistance is where short-term traders who bought higher are setting their stop-losses or relief-rally exit points. A breakout requires significant, sustained Buy Volume to absorb these sell orders.
Actionable Signal: A sustained break above $0.1105$ would be the first convincing signal since November that the low is in. This move would likely target the next resistance at $0.1488$ (the $78.6\%$ Fibonacci Retracement of the November drop).
$AT
#Resistance #TrendReversal #SMAResistance
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