$ATM โ Overhyped Pump, Weak Follow-Through? ๐งจ๐
After ripping to $1.94, $ATM is now losing steam fast. Price action on the 1H chart is forming lower highs with tightening structure โ a classic sign of buyer exhaustion.
Currently trading around $1.615, and the bears are circling.
๐ป Short Trade Setup:
โข Entry Zone: $1.62 โ $1.64
โข Stop Loss: $1.675
โข TP1: $1.56
โข TP2: $1.51
โข TP3: $1.47
๐ Market Insight:
After a +50% 7-day rally, momentum is clearly fading. A breakdown below $1.60 could trigger a sharp unwind toward the $1.47โ$1.50 range.
๐ก Pro Tip: Wait for a clean bearish candle + rising sell volume below $1.60 before going full risk. Donโt chase โ let it come to you.