Hi dear friends, hope you are well, and welcome to the new update on AMP token.
On 2-day time frame chart, the price ation of AM has completed the bullish Cypher .
https://www.tradingview.com/chart/AMPUSDT/a0oUNf10-AMP-token-formed-Cypher-for-upto-37-bullish-move/
On daily time frame chart, the stochastic and MACD are strong bearish , therefore I would suggest, wait for the MACD and Stochastic to change bullish then buy from the buying zone of Cypher , otherwise it can move down for the completion of bullish Shark pattern.
Buy and Sell targets:
Buy between: $0.02547 to $0.02299
Sell between: $0.02719 to $0.03164
Stop loss:
The maximum extent of potential reversal zone $0.02299 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 37%, and the loss possibility is 10%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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