$AMP Breakout Watch đ
AMP is up +24.87% and trading at $0.000929 on the 4H chart, after spending weeks stuck in a range. Price has pushed above the MA(7) at 0.000821, MA(25) at 0.000737 and MA(99) at 0.000670, and volume has picked up, with 10.23B AMP traded in 24h.
Levels I'm watching:
Resistance: $0.000968 (24h high), then $0.000992
Support: $0.000821 (MA7), then $0.000737 (MA25)
â ïž RSI(6) is around 90.9, which is deep in overbought territory. After a vertical candle like this, a pullback or retest of the MAs wouldn't be surprising. A clean 4H close above $0.000968 would be a stronger bullish signal.
Not financial advice, just my read of the chart. Always manage your risk.
Are you buying this breakout, or waiting for a pullback to the $0.00082 zone? đ
#AMP #AMPUSDT #Crypto #DeFi
AMP is up +24.87% and trading at $0.000929 on the 4H chart, after spending weeks stuck in a range. Price has pushed above the MA(7) at 0.000821, MA(25) at 0.000737 and MA(99) at 0.000670, and volume has picked up, with 10.23B AMP traded in 24h.
Levels I'm watching:
Resistance: $0.000968 (24h high), then $0.000992
Support: $0.000821 (MA7), then $0.000737 (MA25)
â ïž RSI(6) is around 90.9, which is deep in overbought territory. After a vertical candle like this, a pullback or retest of the MAs wouldn't be surprising. A clean 4H close above $0.000968 would be a stronger bullish signal.
Not financial advice, just my read of the chart. Always manage your risk.
Are you buying this breakout, or waiting for a pullback to the $0.00082 zone? đ
#AMP #AMPUSDT #Crypto #DeFi