AMD: Beware the trap

had an amazing day launching higher after their earnings report.

That being said... a trap is forming.

We have detected a rug pull event on the 30 min. timeframe at the $97 price level. This brings a high probability that price action will drop back to $97 sometime in the near future.

See below for other examples of rug pulls on the 30 minute timeframe:

Of note, there are several dormant rug pull events in the $109-$111 price range on smaller timeframes, so we do expect price to continue to this range as a minimum upside target.

A substantial break of the AVWAP would indicate a reversal back to $97 has likely begun. This currently sits around $104.

Keeping an eye on this one...

RocketTraveler

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

RocketTraveler