$ATM Overhyped Kick, Weak Follow-Through?

After a powerful spike to $1.94, $ATM is now struggling to hold momentum. The 1H chart shows a tightening range with lower highs forming, signaling buyer exhaustion. Price is currently hovering near $1.615, down from its recent peak and bears may soon take control.

Trade Setup – SHORT

• Entry Zone: 1.62 – 1.64

• Stop Loss: 1.675

• Target 1: 1.56

• Target 2: 1.51

• Target 3: 1.47

Market Insight:

ATM has rallied over 50% in 7 days, but the sideways chop after the pump suggests fading strength. If price breaks below $1.60, expect a potential correction back toward the $1.47–$1.50 range.

Pro Tip: Look for increased sell volume and a clean break below $1.60 for confirmation before full entry.