$ATM just squeezed through a key resistance zone and caught a lot of traders offside. After spending hours ranging around 1.45–1.55, buyers stepped in aggressively and pushed price straight to 1.777, printing one of the strongest momentum candles on the chart.

Setup:
• Entry: 1.70 – 1.75
• Target 1: 1.78
• Target 2: 1.90
• Target 3: 2.05
• Stop-Loss: 1.60

Analysis:
This move wasn't a gradual grind higher—it was a momentum expansion. Price broke out of consolidation, volume came in, and sellers had no chance to react. That's usually a sign of fresh demand entering the market rather than just short covering.

The only thing traders need to respect here is the RSI above 90, which tells us the move is stretched in the short term. Chasing green candles up here isn't ideal. I'd rather see price hold the 1.70–1.75 area and let momentum reset.

As long as ATM stays above 1.60, the trend remains firmly in the bulls' hands. A clean reclaim of 1.78 could quickly open the door to 1.90+ as momentum traders pile in. 🔥📈
Trade #ATM here

$ARX $O