Amazon (AMZN) Scalping Strategy🔥 Market Overview:
Trend: Short-term recovery, but overall bearish structure still present.
Key Levels:
Resistance: $215.80, $218.50
Support: $213.00, $210.00
Indicators:
EMA9 near EMA200 → No strong trend, price testing equilibrium.
MACD slightly negative → Weak momentum, no clear trend.
RSI at 52.98 → Neutral, no divergence.
Risk of Short Squeeze? Low—only if price breaks $215.80.
Market Maker Activity: Some accumulation, but still in range.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $215.80)
Buy near: $215.80
Target: $218.50
Stop-loss: $214.50
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $213 - $215.80)
Buy near: $213.00
Sell near: $215.80
Stop-loss: $211.80
Profit Potential: ~2.4%
🩸 3. Breakout Scalping (If Below $213.00)
Short below: $213.00
Target: $210.00
Stop-loss: $214.50
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $215.80 holds, Amazon could push towards $218.50 - $220.00.
If $213.00 fails, expect a drop to $210.00.
🔥 News & Market Context:
Investors filed a lawsuit against Amazon for misleading shareholders → Negative sentiment.
Stock up 0.73% today → Weak bullish momentum, but lawsuit risk lingers.
Earnings in 57 days → No immediate catalyst for a big move.
👑 Trade Rating (1-10):
Range Scalping: 7/10 (Good but needs confirmation).
Momentum Long Above $215.80: 8/10 (Stronger confirmation needed).
Short Below $213.00: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Best for range scalping $213 - $215.80.
🩸 Mid-term Play: Break above $215.80 = long; below $213.00 = short.
🩸 Ideal Play: Wait for breakout confirmation.
👑 Final Verdict: Play the range or wait for a trend shift.
🔥 LucanInvestor's Quote:
"Patience and precision—two weapons of a master trader."
