$ATM Consolidating After a Sharp Move – Key Entry Zone Identified
$ATM is currently trading at $2.355 on the 15-minute chart, following a pullback from its 24-hour high of $2.401. Immediate support lies at $2.318, while resistance stands near $2.362. A bounce from the current consolidation zone offers a chance for short-term gains.
Traders can consider entries at $2.355, targeting $2.370 and $2.385 as short-term profit points. A stop-loss at $2.318 keeps risk managed in case of further downside. Watch for strengthening RSI and MACD signals to confirm momentum, as renewed buying pressure could fuel a retest of recent highs.