AMZN – Long Spot Trade Setup at Key Support

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Amazon AMZN is currently retracing into a major support level near $195, offering a solid long opportunity as broader market momentum holds up. This level has previously acted as a strong base, and price could now be positioning for a bullish continuation.

🔹 Entry Zone:
Around $195 (major support area)

🎯 Take Profit Targets:
🥇 $213 – $220 (previous resistance, aligns with local Fibonacci extension levels)

🥈 $234 – $242 (macro target zone if the broader market continues to rally)

🛑 Stop Loss:
Just below $188 (clear invalidation if key support breaks)

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