$AMP /USDT Bullish Reversal Brewing: Hammer Bounce Signals Upside Momentum!
Quick TA: AMP/USDT tested 24h lows at 0.002178 on heavy volume (1.21B AMP / 2.77M USDT), forming a classic hammer candle on the 15m/1h timeframe—buyers stepping in hard after a sharp dump from 0.002579 highs. Price reclaimed 0.00222 zone with +1.53% 24h pump, eyes now on breaking 0.0023 resistance for confirmation. Volume spike supports reversal; MACD histogram flipping positive, RSI climbing from oversold ~28. DeFi token heating up amid broader altcoin rotation—watch for BTC stability above 90k to fuel this.
**Trade Setup (Long Bias):**
- **Entry Range:** 0.00221 - 0.00223 (post-break of 0.00225 on volume)
- **Target 1:** 0.00235 (quick scalp, +5.8% R:R)
- **Target 2:** 0.00250 (prior high retest, +12% R:R)
- **Target 3:** 0.00265 (extension to 50% Fib retrace, +19% R:R)
- **Stop Loss (SL):** 0.00215 (below hammer low, -3.5% risk)
**Short Outlook:** Bearish invalidation if snaps below 0.00210 support—could cascade to 0.00195 (38.2% Fib) on fading volume or BTC dump. Overall market: Neutral-bullish for alts if ETH holds 3.8k; risk-off if equities wobble. DYOR, NFA!
#AMP #CryptoTA