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