AMBUSDT: Will a Bullish Reversal Happen?

25 Jan

Yello, Paradisers! Are you ready for the next potential move on AMBUSDT?

💎AMBUSDT is looking strong after a healthy retracement and has now entered the oversold zone—an exciting development for traders.

💎Currently, the price is approaching a critical support zone and showing signs of bullish divergence, which increases the likelihood of an upside move. However, confirmation is key before jumping in. Here's what we’re watching:

💎Scenario 1: For confirmation of a bullish move, we need to see a bullish I-CHoCH (Internal Change of Character) on the lower timeframe once the price reaches the strong support zone.

💎Scenario 2: Alternatively, a breakout and candle close above the resistance trendline with proper volume will also confirm bullish momentum.

💎However, If the price breaks down and closes candle below the strong support zone, the entire bullish outlook will be invalidated. In that case, patience will be key—we’ll wait for a clearer price action setup to form before making any moves.

🎖Remember, Paradisers, trading isn’t about rushing in—it’s about disciplined, calculated decisions. Waiting for the right confirmation can save you from unnecessary losses and keep you on track for long-term success. Stay focused, stick to the plan, and trade smart!

MyCryptoParadise
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💎AMBUSDT didn’t follow either of our confirmation scenarios. Instead, it closed candle below the strong support zone, completely invalidating our bullish setup.