$AMP seems to have found a short term bottom at .0377.
I've entered a position at $.038 looking for a bounce to $.057. It likely won't get there in one quick move though. I'm looking for price to test the $.045 range as resistance and then retest this range at $.038ish as support before seeing the move up to $.057. If that plays out, it would provide some nice trading gains while waiting for the full move up to test the 50% retracement at $.057.
R/R 50% upside with risk of .8% putting a stop before that local low.
Let's see how it plays out over the coming weeks.
I've entered a position at $.038 looking for a bounce to $.057. It likely won't get there in one quick move though. I'm looking for price to test the $.045 range as resistance and then retest this range at $.038ish as support before seeing the move up to $.057. If that plays out, it would provide some nice trading gains while waiting for the full move up to test the 50% retracement at $.057.
R/R 50% upside with risk of .8% putting a stop before that local low.
Let's see how it plays out over the coming weeks.
Comment:
I'm back in a long. Looking for a move up to $.045-.047 as the first targets. But this move has the potential to go all the way up to the target.
I'm still weighing the possibility of a further market correction next week though on the 25th. So it would be a short trade, and then I'd want to see where this corrects to should it happen before taking another long trade again.
I'm still weighing the possibility of a further market correction next week though on the 25th. So it would be a short trade, and then I'd want to see where this corrects to should it happen before taking another long trade again.
Comment:
That should've been the bottom at $.363. Fully in my position and ready for it to run.
Think this move is likely to play out over the next 2-3 weeks.
Think this move is likely to play out over the next 2-3 weeks.
Comment:
It went lower than I thought it would, but still think we'll get to $.057. Just going to hold until we get there.
The two next support levels are $.0307 and $.0275. I have another set of buys set at the lower support (incase it gets hit to bring down my average). I do think when it runs, it'll run quickly.
I have strong buy signals on every timeframe and it usually takes a bit for them to play out.
Let's see what happens to price action on those pivots.
The two next support levels are $.0307 and $.0275. I have another set of buys set at the lower support (incase it gets hit to bring down my average). I do think when it runs, it'll run quickly.
I have strong buy signals on every timeframe and it usually takes a bit for them to play out.
Let's see what happens to price action on those pivots.
I just want to watch price action for the next couple of hours. If the dip does play out, then I want to buy at lower prices.