Exchange: Binance
Instrument:
#AMZNUSDT Perpetual
1️⃣ Current Price & Market Structure
Price: ~$210.29
24H High: 211.46
24H Low: 203.85
Strong impulse move from 203.85 → 211.46
Now price is consolidating near 210–211 resistance
📌 Market structure is bullish (higher low formed at 203.85).
2️⃣ Moving Averages (Trend Direction)
MA(7) & MA(25) above MA(99)
Short-term MAs holding price above 210
✅ This confirms short-term bullish trend
If price stays above 209.80–210 → buyers in control.
3️⃣ Volume Analysis
Volume increased during breakout from 205 → 211
Now volume slightly decreasing during consolidation
📊 Interpretation:
Breakout was supported by strong volume
Current low volume = market waiting for next move
A volume spike above 211.50 = strong bullish continuation
4️⃣ RSI (Momentum)
RSI(6): ~61
Above 50 = bullish momentum
Not yet overbought (70+)
📈 RSI shows buyers still strong but slowing slightly.
If RSI crosses 70 → possible short pullback.
5️⃣ MACD
Slight positive momentum
Histogram flattening
⚠ Momentum slowing but trend still bullish.
6️⃣ Open Interest (OI)
OI increasing (~6K shown)
Rising OI with rising price = fresh long positions entering
✅ Confirms bullish sentiment.
📊 Trading Plan
🟢 Bullish Setup (Buy)
Entry: 210.00–210.20
Stop Loss: 208.80
Take Profit 1: 211.50
Take Profit 2: 213.00
Reason: Price holding above support + RSI bullish + structure strong.
🔴 Bearish Setup (Sell if breakdown)
Only if price closes below 208.80
Entry: 208.70
Stop Loss: 210.50
Take Profit: 206.50–205.50
Reason: Breakdown of short-term support.
📌 Final Market View
Trend: Bullish
Momentum: Moderate bullish
Volume: Waiting for expansion
Key Level: 211.50 breakout zone
👉 Above 211.50 = strong pump possible
👉 Below 208.80 = correction move
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