Cosmos (ATOM): Waiting For More Clarity | Expecting a ReversalCosmos/USD Tether Perpetual ContractBINGX:ATOMUSDT.PSwallowAcademyATOM is still following the same downside pattern we’ve been seeing, which keeps the risk of another leg lower on the table. Structure remains weak and as long as price stays below the EMAs, sellers still have control. That said, we’re entering a volatile period with the new year, so two scenarios matter here. If the local low fails, the move likely extends toward the doomsday low zone. On the flip side, a proper reversal would require price to reclaim both the 100 and 200 EMA, with the 200 EMA being the key level that needs to be secured for any meaningful upside continuation. Until one of these scenarios plays out, we wait. Swallow Academy