$Amp gearing up for a 40%-70% move?
Updated
I've been watching this chart for a month waiting for it to bottom and to me it looks like we're finally seeing a bottom form.
I took a half position at $.00355 and was waiting for my other entry to get filled at $.00337. The second one never got filled. Now we've had a higher low form and a strong reaction which leads me to believe the bottom could be in.
I've since pulled my second entry as it's less likely now that we see price get back down to that level and am seeing if it'll get filled around $.00370.
Regardless, I think
AMP is heading higher here. I've marked off 3 potential resistance levels, however, I think we see a move to the $.006 range. Leaning towards one of the two top resistances as the place to exit this trade.
Let's see how it plays out over the next week or two.
I took a half position at $.00355 and was waiting for my other entry to get filled at $.00337. The second one never got filled. Now we've had a higher low form and a strong reaction which leads me to believe the bottom could be in.
I've since pulled my second entry as it's less likely now that we see price get back down to that level and am seeing if it'll get filled around $.00370.
Regardless, I think
AMP is heading higher here. I've marked off 3 potential resistance levels, however, I think we see a move to the $.006 range. Leaning towards one of the two top resistances as the place to exit this trade.Let's see how it plays out over the next week or two.
Comment
2nd entry filled at $.00367, have my last and final order at $.00363Comment
Last order filled. Let's see what happens from here.Comment
I will get stopped out at $.00366. Frustrating trade as it hasn't had the bounce I've expected yet.Comment
Alright, I'm out. Probably won't reenter this one as you can tell it's weak- other things pumped while this did nothing, couldn't even retest its breakdown levels.If you do want to still trade it, my guess is that it revisits $.00337 - the entry I didn't fill.
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