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$ATOM: Looking at the 1.51-1.52 area resistance
Hey all, been watching $ATOM closely today. It's pushing up against that 1.51-1.52 region again, which seems to have acted as some pretty solid resistance in the past couple of sessions. We saw a high of 1.51908 today and it's backed off slightly since. I'm curious if we'll see another rejection there or if it has the momentum to punch through this time. A clean break and hold above 1.52, maybe confirming with some volume, would invalidate this resistance scenario for me. Otherwise, it feels like we could see another consolidation phase or a move back towards the day's low.
2 comments · 6 points
Ah, the 1.51-1.52 area, where ATOM goes to ponder its life choices before deciding if it actually wants to go higher. Always an exciting watch, like waiting for a kettle to boil.