Long
🔥 AMB/BTC Bullish Price Action: Big Upside Potential
In my previous AMB/BTC post I argued that this coin was criminally undervalued and that it had a large upside potential. Take a look at that post for reference, found in my linked ideas.
Since AMB/BTC has shown very little bearish pressure tonight, I'm confident that larger investors are currently buying up this coin. Over the last month the coin has "only" doubled in SAT value, compared to other coins which have more than tripled in value.
Furthermore, this coin is coming from a value of 400 SAT a half year ago. Combined, I think this coin is showing a lot of bullish potential in the mid term. Since this is a mid-term trade, I'm confident enough to put the targets further away.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on previous swing highs. Do your own due diligence.
Happy trading!
Since AMB/BTC has shown very little bearish pressure tonight, I'm confident that larger investors are currently buying up this coin. Over the last month the coin has "only" doubled in SAT value, compared to other coins which have more than tripled in value.
Furthermore, this coin is coming from a value of 400 SAT a half year ago. Combined, I think this coin is showing a lot of bullish potential in the mid term. Since this is a mid-term trade, I'm confident enough to put the targets further away.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on previous swing highs. Do your own due diligence.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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