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AT's recent decline is not a gentle correction but a classic flash crash caused by a massive capital exit. From the K-line chart, it's clear that the price has fallen from a high level all the way down to $0.14860, breaking through all moving average support levels. Although there was some rebound afterward, the overall pattern shows that the bears still firmly control the market. This rebound is merely a technical correction during the decline.
The most telling indicator is trading volume—during the decline phase, volume surged, with 24-hour trading volume exceeding 27 million USDT. Such a scale of sell-off isn't something small retail investors can produce; it's clearly large capital concentrated on unloading.
**About Entry Opportunities**
If you want to catch the bottom, don't rush. If you're really aiming for a rebound, you can wait until the price rebounds to the $0.168-$0.170 range before trying to enter with a small position, or simply wait until the price stabilizes above a key resistance level before taking action. Many have learned from past mistakes—being caught in the middle of a mountain is the most uncomfortable.
**Short-term Target Levels**
The first target is $0.160, the second is $0.155. If the downward momentum hasn't reversed, $0.150 is also a possible touch point.
**Risk Management**
Set your stop-loss at $0.170. As long as the price breaks through this level, the short-term downtrend is likely to slow down, and it's time to change your strategy.
I believe the current decline of AT is far from over. The rebound is too weak, and the bulls haven't been able to form an effective support. As long as it doesn't break below $0.170, the bearish outlook remains valid. A special reminder for long positions—don't blindly catch the bottom at this stage, as it's easy to get trapped. For shorts, don't chase after every decline; wait for a rebound to a resistance level before entering to ensure steady profits.