I’ve carefully analyzed the current chart situation for the AMDB/USDT pair (bStocks). It looks like the asset has found a local bottom and is gearing up for a strong impulse move. If you’re holding a position, it’s time to buckle up.
📊 What do the charts say?
- Support held firm: Following a recent push toward the 550.00 mark, the price corrected to the 502.75 level, where buyers actively defended their positions.
- Bullish signal on the 4H chart: The price has now firmly established itself above the MA(7) and MA(25) moving averages at the 524.98 level. This is a classic pattern indicating continued growth following a period of consolidation.
Comfort zone: Those who entered at an average price of around 522.57 are already in profit, and the chart is turning into the green zone.
🎯 My expectations:
Immediate goal: Consolidate above 535.00.
Primary goal: Retest the historical high at 550.00 and break into new price territory.