AMC has been falling in a clear wedge, and is currently attempting another breakout to the upside.
We have 2 important resistance levels: 20-22 and 32-34.
My trade plan is:
A. At current levels (16.86 as I write this), the R/R ratio is not good enough for me, considering 20-22 resistance.
B. If we get a pullback to 12-14, I may take a long trade depending on price action, with first target at 20-22.
C. If I don´t get a trade in this zone, I´ll wait for a break of 20-22 resistance, targeting next key level at 32-34.
We have 2 important resistance levels: 20-22 and 32-34.
My trade plan is:
A. At current levels (16.86 as I write this), the R/R ratio is not good enough for me, considering 20-22 resistance.
B. If we get a pullback to 12-14, I may take a long trade depending on price action, with first target at 20-22.
C. If I don´t get a trade in this zone, I´ll wait for a break of 20-22 resistance, targeting next key level at 32-34.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.