AMB is poised for a potential bounce from key support levels! 📈
💎 Paradisers, #AMB is currently undergoing a retracement, and we anticipate a potential bounce from the previously broken resistance, which can now act as support.
💎This support level is further reinforced by the presence of the 200 EMA (Exponential Moving Average) and a supportive trendline, enhancing its bullish prospects.
💎NOTE- Confirmation is needed.
💎However, should the price break below this support level, it may signal a bearish move. In such a scenario, I would recommend exercising caution and considering smaller position sizes, as the overall trend remains bullish at this time.
💎This support level is further reinforced by the presence of the 200 EMA (Exponential Moving Average) and a supportive trendline, enhancing its bullish prospects.
💎NOTE- Confirmation is needed.
💎However, should the price break below this support level, it may signal a bearish move. In such a scenario, I would recommend exercising caution and considering smaller position sizes, as the overall trend remains bullish at this time.
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