๐ Paradisers, #AMB is currently undergoing a retracement, and we anticipate a potential bounce from the previously broken resistance, which can now act as support.
๐This support level is further reinforced by the presence of the 200 EMA (Exponential Moving Average) and a supportive trendline, enhancing its bullish prospects.
๐NOTE- Confirmation is needed.
๐However, 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.
๐This support level is further reinforced by the presence of the 200 EMA (Exponential Moving Average) and a supportive trendline, enhancing its bullish prospects.
๐NOTE- Confirmation is needed.
๐However, 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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