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- Bullish momentum from its lows, long-term buying opportunities loom ahead
The $ATM has recorded a strong V-shaped recovery from its low at $1.457, rising to $1.702 before settling down. Despite the short-term pullback, the structure remains bullish with strong momentum. The price is currently consolidating around $1.570 - if the bulls maintain this level, a new rise towards $1.65 and above is likely. A clear breakout above $1.60 could trigger another upward wave.
Buy Setup:
Entry Zone: $1.550 - $1.580
Stop Loss: Below $1.515
Target 1: $1.650
Target 2: $1.705
Watch for confirmation through a bullish engulfing or an increase in trading volume near the support level.