AMD breaking out
Updated
hi traders
The price created the downsloping channel and we are getting the breakout right now. The breakout is just happening so the long position can be taken now at 165$.
We are expecting the uptrend to continue.
The technical target for this formation is at 225$ which is corresponding with the previous ATH.
The higher low shown on the chart confirms our bullish bias therefore we don't expect this breakout to turn into the fakeout.
Stop loss: 132$
Good luck
The price created the downsloping channel and we are getting the breakout right now. The breakout is just happening so the long position can be taken now at 165$.
We are expecting the uptrend to continue.
The technical target for this formation is at 225$ which is corresponding with the previous ATH.
The higher low shown on the chart confirms our bullish bias therefore we don't expect this breakout to turn into the fakeout.
Stop loss: 132$
Good luck
Trade active
Breakout confirmed
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