AMB approaching a strong resistance level
AirDAO AMB price is in pace of approaching a strong resistance. The line is proven its firmness, highlighted in red, the bounce areas dating back to 15th of March of this year, that's past 6 months as of the day of this writing.
In a technical perspective, we could still see a continuation of its bullish trend if we see a resistance breakout and if not, sell on bounce area with confirmation of a breakdown as well. I also made a diagonal support below as a guide. The RSI indicates that the coin price is near oversold.
Happy trading and always plan your trades by putting a take profit and stop loss areas in every position.
In a technical perspective, we could still see a continuation of its bullish trend if we see a resistance breakout and if not, sell on bounce area with confirmation of a breakdown as well. I also made a diagonal support below as a guide. The RSI indicates that the coin price is near oversold.
Happy trading and always plan your trades by putting a take profit and stop loss areas in every position.
Commentaire:
As of today, the resistance line rejected the price to breakout, but the price is still in an apex, will continue monitoring its movement.
