Here's your $AMP /USDT 1D Trade Setup:
š AMP/USDT ā Daily Chart Analysis
š Current Price: ~$0.0119
Pattern: Descending Broadening Wedge (typically a bullish reversal pattern)
Structure: Price is bouncing near the lower boundary, approaching potential breakout zone
ā Bullish Breakout Trade Setup
š¹ Entry Option 1 (Aggressive): $0.0115ā$0.0120 (early wedge bounce)
š¹ Entry Option 2 (Conservative): Breakout above neckline ~$0.0140 with retest
Stop-Loss: Below $0.0100 (support & lower wedge boundary)
Target 1: $0.0140 (neckline resistance)
Target 2: $0.0160ā$0.0175 (measured move projection)
Target 3 (extension): $0.0200 (prior support turned resistance)
š§® Risk/Reward Estimate:
Entry near $0.012, SL at $0.010, TP1 at $0.014 = ~1:1
TP2 and TP3 offer 1:2 to 1:4 setups
ā ļø Bearish Scenario
If AMP fails to hold $0.0100, further downside to:
Support 1: $0.0085
Support 2: $0.0074
Support 3: $0.0064 (wedge bottom / last demand zone)
š Key Levels
TypePriceResistance (Neckline)~$0.0140Current Price~$0.0119Support 1~$0.0100Support 2~$0.0085Wedge Bottom~$0.0064
š Strategy Notes
Volume increase near wedge tip = positive signal.
Monitor for daily close above $0.014 for confirmation of breakout.
Good candidate for swing trading if bullish momentum returns in alts.
Would you like an intraday (4h or 1h) trade setup as well?
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