ATM

BULLISH $ATM (1h)
• Current Structure:
Strong impulsive expansion from the 0.88 area with a clear bullish BOS, followed by consolidation below the recent high. Price is forming higher lows while digesting gains. This is consolidation after impulse, not a reversal.
• Market Structure Notes:
Clean bullish BOS through the 1.00 to 1.10 zone
Buy side liquidity taken near 1.52 followed by rejection
No lower low formed after the pullback
Structure remains higher high, higher low
• Volume Behavior:
Large volume expansion during the impulse leg. Recent consolidation shows declining volume, consistent with pause and absorption rather than distribution.
• Key Levels:
Support: 1.26 to 1.22 (prior resistance flip and structure base)
Resistance: 1.50 to 1.52 (recent high and liquidity zone)
• Entry Trigger:
LONG if: Price holds above 1.22 and prints a higher low with a strong 1h bullish close back above 1.38.
– SHORT if: Price accepts below 1.22 on a 1h close, signaling failure of the higher low structure.
• Invalidation Level:
Bullish bias invalidated below: 1.10
Summary:
Bias remains bullish. The market is consolidating after a sharp expansion, and structure is still intact. No active trade yet. Favor continuation only after higher low confirmation, and reassess if support fails.
{spot}(ATMUSDT)
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