📉 LONG AMZNUSDT BOTTOM-FISHING PLAN (4H) – A POTENTIAL REBOUND WAVE?
The price at $AMZN has just seen a strong sell-off followed by a move back into the solid support zone around 253.5 - 254.5 USD after dropping below the 200 EMA line (around 261.3 USD). Seeing a slight dip-buying/footstep pressure at support, I entered a short-term LONG position to capture the rebound wave with the following setup:
📍 Entry: 253.8 - 254.7 USDT 🎯 Take Profit (TP): 263.2 USDT (old resistance zone & the 200 EMA) 🛑 Stop Loss (SL): 250.6 USDT (cut if it fully breaks down) ⚖️ R:R ratio: ~ 2.6x (quite good for a swing trade)
Will the price rebound back to test the 200 EMA line, or will it continue to dump? Let’s wait and see!
Note: This post is for sharing my personal perspective only, not financial advice!
#AMZN #AMZNUSDT #BinanceSquare #CryptoTrading #Futures #TradingSetup #EMA200
The price at $AMZN has just seen a strong sell-off followed by a move back into the solid support zone around 253.5 - 254.5 USD after dropping below the 200 EMA line (around 261.3 USD). Seeing a slight dip-buying/footstep pressure at support, I entered a short-term LONG position to capture the rebound wave with the following setup:
📍 Entry: 253.8 - 254.7 USDT 🎯 Take Profit (TP): 263.2 USDT (old resistance zone & the 200 EMA) 🛑 Stop Loss (SL): 250.6 USDT (cut if it fully breaks down) ⚖️ R:R ratio: ~ 2.6x (quite good for a swing trade)
Will the price rebound back to test the 200 EMA line, or will it continue to dump? Let’s wait and see!
Note: This post is for sharing my personal perspective only, not financial advice!
#AMZN #AMZNUSDT #BinanceSquare #CryptoTrading #Futures #TradingSetup #EMA200
