AMPUSDT
AMPUSDT GO LONG Buy at Live Price 0.00917
Target and Stop Loss given in the chart
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AMPUSDT : Descending Triangle Price Action Study Based on below three probability and condition
1)Structure
2)Moving Average 150MA
3) Volume Analysis
1) Structure: Lower Low and Lower High in Descending Triangle Pattern
Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure in a Descending Triangle Pattern.
Descending Triangle is a Bearish pattern but not all the time sometimes it may even turn into bullish mode also
2) Moving Average 150MA :
In the hourly time frame price is observed mingled with 150MA, which indicates the structure is neutral, No Bullish or Bearish
3) Volume Analysis :
In the current trend, there is no strong buyer or strong seller.
4) Expectations/Probability
Probability 1: If the price continues on the Higher side it may hit 0.018$
Probability 2: If the price continues on the Lower side it may hit 0.012$
AMPUSDT is waiting for the breakout.COIN NAME: AMP
PAIR-USDT
EXCHANGE : ANY
STRENGTH:
Above trend line as well as waiting at resistance zone
Coin gecko Rank: 92
Good Mark Cap
Trading in 49 Exchanges
Buy: 0.02750 to 0.02820
T1- 0.03045
T2- 0.03384
T3- 0.03772
T4- 0.04060
SL - 0.02720 or HOLD
Targets depend on BTC movement, Never forget that the Crypto market will change according to the BTC. Keep SL if you don't want to hold but not required for the Spot trading if you want to buy in Dips.
Note: I'm not a financial advisor. This analysis is for an Idea and my eagle view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
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