AMZN Amazon's price action is exhibiting bearish tendencies, punctuated by a bullish gap and a recent bearish gap. Two critical zones warrant close attention:Resistance Zone: $176.83 - $179.40
This level may experience selling pressure, potentially leading to a price rejection.
Support Zone: $170.94 - $161.72
A Volume Imbalance area is present, indicating potential buying interest and support.
Trading Strategy:
Exercise caution when trading around these levels, as they may significantly influence price movement. A thorough analysis of market conditions and risk management strategies is recommended.
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