$AMD perp — sharing my position, the good and the ugly
I'm long from 582. Currently down. Here's how I'm reading it.
What happened:
Double top at 555-557, then the heaviest sell volume of the week dumped price to ~502. Now a slow bounce to 519 on shrinking volume. Relief bounce so far, not a reversal.
Levels I'm watching:
Support: 510 → 500
Resistance: 525 → 540 → 557
My position:
Entry: 582
TP: 660
SL: 400
Breakeven needs +12% from here. I'm giving this one room, not chasing it.
The real catalyst: Q3 earnings on Nov 3 after market close.
Q3 guidance was ~$13B revenue, +41% YoY. Beat that and 557 is back in play fast. Miss it and 500 won't hold.
Order book right now: ~60% bids vs 40% asks. Buyers are showing up at this zone.
Bull case: reclaim 525, then 540 → retest of the 557 top
Bear case: lose 500 on a 4H close → this bounce was a trap
Question for you:
Holding AMD into earnings, or waiting for the report?
Comment HOLD or WAIT.
#AMD #AMDUSDT #StockPerps #Earnings #AI
NFA · DYOR
I'm long from 582. Currently down. Here's how I'm reading it.
What happened:
Double top at 555-557, then the heaviest sell volume of the week dumped price to ~502. Now a slow bounce to 519 on shrinking volume. Relief bounce so far, not a reversal.
Levels I'm watching:
Support: 510 → 500
Resistance: 525 → 540 → 557
My position:
Entry: 582
TP: 660
SL: 400
Breakeven needs +12% from here. I'm giving this one room, not chasing it.
The real catalyst: Q3 earnings on Nov 3 after market close.
Q3 guidance was ~$13B revenue, +41% YoY. Beat that and 557 is back in play fast. Miss it and 500 won't hold.
Order book right now: ~60% bids vs 40% asks. Buyers are showing up at this zone.
Bull case: reclaim 525, then 540 → retest of the 557 top
Bear case: lose 500 on a 4H close → this bounce was a trap
Question for you:
Holding AMD into earnings, or waiting for the report?
Comment HOLD or WAIT.
#AMD #AMDUSDT #StockPerps #Earnings #AI
NFA · DYOR