$ATM is stabilizing after the explosive spike from the 0.88 base and I’m watching this area closely because buyers already showed strength with a sharp impulsive breakout. The rejection from the 1.05 high was fast but price did not fully give back the move which tells me this is consolidation not weakness. The 15m candles are now moving sideways with controlled pullbacks showing absorption and cooling momentum.
Here is my full setup from this chart.
Entry Point
0.95 – 0.92
Target Point
TP1: 0.99
TP2: 1.03
TP3: 1.08
Stop Loss
0.88
It’s possible because dips near the 0.92–0.93 zone are getting absorbed and price is holding above the prior breakout area. If ATM stays above the 0.90 support zone the move toward 0.99 becomes the natural first step before momentum attempts another push toward the previous high.
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ATM
0.932
+1.30%