$AMP just ripped 38% in a single 4H candle, then gave half of it back in the next one. That kind of volatility leaves a mark on the chart — and a lesson for anyone chasing the pump.
Here’s what I see 👇
The 4H structure is still bullish. Price holds above both short-term EMAs, RSI near 60 has room before overbought. The volume spike on that monster green candle was real — someone wanted in badly. But the rejection from 0.000870 tells me supply is sitting right above.
Daily is where it gets interesting. Price is consolidating just under the 0.382 Fib around 0.000688, which has flipped from resistance to support on the retest. That’s constructive. The unfilled gap below from 0.000621 down to 0.000510 is the real liquidity magnet though — if momentum stalls, that’s where the pullback gets absorbed.
My read: trend is up, but this coin moves in violent bursts. The invalidation for the bullish case sits around the 0.000670 zone on the 4H — lose that, and the gap below becomes the next destination. Hold it, and 0.000770 is the next logical test.
Tap
$AMP to pull up the chart and see how cleanly price is respecting these zones.
I’ll be watching whether that 0.000670 floor holds on the next retest — follow so you catch the read when it resolves.
Which level are you watching more closely on
$AMP — the support at 0.000670 or the resistance near 0.000770? 👇
⚠️ Not financial advice. DYOR.
#AMP #Crypto #BinanceSquare #Altcoins