$AMP TRYING TO RECOVER – SHORT-TERM REBOUND OR FAKEOUT?
$AMP is trading at 0.004780, down nearly -15% on the day after hitting a low of 0.004632. With volume sitting at 17.98M, price action shows a minor bounce attempt, but seller dominance is strong (57% on the ask side).
Key Support & Resistance Levels:
• Resistance:
• 0.004800 – Immediate breakout level
• 0.005000 – Psychological resistance
• 0.005200 – Mid-term recovery target
• Support:
• 0.004700 – Short-term support
• 0.004632 – 24h low and major base zone
Trade Setup – Defensive Rebound Attempt:
• Entry Zone: 0.004730 – 0.004780
• TP1: 0.004800
• TP2: 0.005000
• TP3: 0.005200
• Stop-Loss: Below 0.004632
Watch for volume and order book shift before scaling in.