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$ATM is cooking something, but it’s not a straight line up yet.
The 1h chart shows a massive push followed by a messy consolidation. We just bounced off that $1.42 support zone pretty nicely. It looks like it’s trying to form a higher low here, but the wick at $1.64 shows there are still plenty of sellers waiting to dump.
Volume is cooling off a bit after that initial spike. I’m watching the $1.58 level closely. If we can flip that back to support, we might see another leg up. Otherwise, it’s just going to chop around and bore everyone.
Staying patient on this one. No point in chasing the green candles.
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