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MC_Mike_Trading
Dec 30, 2023 3:57 AM

AMP/USD 

Amp / United States DollarCoinbase

Description

TF: W

A possible correction to ~$0.00225 may be coming soon to the AMP/USD pair. Price rejected from a historical major volume node/POC after several weeks of upside movement. Price may correct to the moves 0.618 retracement level. This area aligns with the last down waves major volume node/POC. A retest and hold of this area would help confirm future bullish movement on the pair.

If price breaks below $0.0025, the lows will probably be tested. This pair has a history of grabbing liquidity and selling off and breaking lows, so keep an eye on that.
Comments
MC_Mike_Trading
price action is moving down, will be interested in seeing how price reacts:
charlienels48
Thanks alot for the quality technical analysis.
MC_Mike_Trading
@charlienels48 sure thing, it will be interesting to see if price can retrace to $0.00225 area and if we see a bullish move from there
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