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Ever wondered why the biggest moves always start when everyone is looking the other way?
$ATM just had a massive spike up to 1.057 but it got slapped down pretty hard. It’s sitting at 0.961 right now and looks like it's trying to figure out its next move.
The price action was super quiet around that 0.872 base for a long time before this volatility kicked in. Volume is relatively low at 4.19M compared to some of the bigger pairs, which means these moves can be pretty sharp and thin.
I’m watching the 0.94 area closely. If it fails to hold that level as support, we’re probably heading back down to fill that wick. But if it consolidates here, we might get a second attempt at the 1.00 psychological barrier.
Patience is key on this one since it's a spot pair.
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