Cosmos (ATOM) is currently testing the lower boundary of a descending channel on the weekly chart. The setup here deserves attention from a risk-reward perspective.

What makes this interesting: ATOM has been holding crucial support levels, which traders view as a clean entry zone. If the bounce gets confirmed with some volume follow-through, we could see the price making a run toward the $15 level.

The key is watching whether this support holds. Break below it and the dynamic changes; hold above and you've got a reasonably defined upside target versus a clear stop loss below. That's the kind of setup traders are looking for in choppy markets.