$AMZN Showing Strong Bullish Momentum:
AMZN has just delivered a powerful breakout from the recent consolidation structure, pushing above the $260 resistance zone and reaching the $266+ area.
đ Key Levels
âą Immediate Support: $264
âą Major Support / Flip: $260
âą Stronger Support: $257â258
âą Resistance / Target: $268â270
The key level I'm watching now is $260. If price holds above this area after a healthy pullback, bullish continuation remains possible.
â ïž I would not chase the breakout candle. A retest of $264â260 with confirmation could provide a better risk/reward setup.
đŻ My plan:
Wait for pullback â confirmation â continuation.
What do you think? đ
Will AMZN break $270, or do we get a deeper pullback first?
This is technical analysis for educational purposes, not financial advice. Trade with proper risk management.
đ„ Hashtags
#AMZN #Amazon #Binance #BinanceSquare #WriteToEarn #Crypto #Trading #TechnicalAnalysis #ChartAnalysis #FuturesTrading #TradingView #Breakout #Bullish #PriceAction #CryptoTrading #TradeSmart #MarketAnalysis #DYOR
AMZN has just delivered a powerful breakout from the recent consolidation structure, pushing above the $260 resistance zone and reaching the $266+ area.
đ Key Levels
âą Immediate Support: $264
âą Major Support / Flip: $260
âą Stronger Support: $257â258
âą Resistance / Target: $268â270
The key level I'm watching now is $260. If price holds above this area after a healthy pullback, bullish continuation remains possible.
â ïž I would not chase the breakout candle. A retest of $264â260 with confirmation could provide a better risk/reward setup.
đŻ My plan:
Wait for pullback â confirmation â continuation.
What do you think? đ
Will AMZN break $270, or do we get a deeper pullback first?
This is technical analysis for educational purposes, not financial advice. Trade with proper risk management.
đ„ Hashtags
#AMZN #Amazon #Binance #BinanceSquare #WriteToEarn #Crypto #Trading #TechnicalAnalysis #ChartAnalysis #FuturesTrading #TradingView #Breakout #Bullish #PriceAction #CryptoTrading #TradeSmart #MarketAnalysis #DYOR
