AMZN: Resistance Test at $240 – Breakout or Rejection?

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🔥 LucanInvestor's Strategy:
🩸 Short: Below $235, targeting $225. If EMA 9 fails to hold, downside pressure may accelerate.
🩸 Long: Above $240, targeting $260. A strong breakout could confirm bullish continuation.

🔥 LucanInvestor's Commands:
🩸 Resistance: $240 — A key level that needs to be broken for upside momentum.
🩸 Support: $225 — EMA 200 aligns as a crucial trend support.

Amazon has built strong momentum, bouncing off key support levels, but now faces a major test at resistance. MACD is signaling strength, but confirmation is key.

👑 "The market doesn’t wait—position yourself before the move."

Penafian

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