$AMB Yello, Paradisers! Are you ready for the next potential move on AMBUSDT?
šAMBUSDT is looking strong after a healthy retracement and has now entered the oversold zoneāan exciting development for traders.
šCurrently, the price is approaching a critical support zone and showing signs of bullish divergence, which increases the likelihood of an upside move. However, confirmation is key before jumping in. Here's what weāre watching:
šScenario 1: For confirmation of a bullish move, we need to see a bullish I-CHoCH (Internal Change of Character) on the lower timeframe once the price reaches the strong support zone.
šScenario 2: Alternatively, a breakout and candle close above the resistance trendline with proper volume will also confirm bullish momentum.
šHowever, If the price breaks down and closes candle below the strong support zone, the entire bullish outlook will be invalidated. In that case, patience will be keyāweāll wait for a clearer price action setup to form before making any moves.
šRemember, Paradisers, trading isnāt about rushing ināitās about disciplined, calculated decisions. Waiting for the right confirmation can save you from unnecessary losses and keep you on track for long-term success. Stay focused, stick to the plan, and trade smart!
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$AMB
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