AMZN losing short term steam & needs pullback.
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
After the most recent breakout and rally from AMZN; we’re now seeing it print a rising wedge.
I am particularly i treated in a short term downside move to fill two gaps below.
- first gap below is between 240-241.75
- second gap is between 233.60-235.20
Entry: I’m looking for a 4H candle close below the bottom trendline of the rising wedge.
Stop loss: close above the top of wedge.
TP1: $240
TP2: $235
TP3: past bottom of second wedge $233.60
I like the 5/8 $240 or $235 strike puts.
Play is invalid with a 4H close above the wedge forming another bullish breakout.
Happy trading.
I am particularly i treated in a short term downside move to fill two gaps below.
- first gap below is between 240-241.75
- second gap is between 233.60-235.20
Entry: I’m looking for a 4H candle close below the bottom trendline of the rising wedge.
Stop loss: close above the top of wedge.
TP1: $240
TP2: $235
TP3: past bottom of second wedge $233.60
I like the 5/8 $240 or $235 strike puts.
Play is invalid with a 4H close above the wedge forming another bullish breakout.
Happy trading.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
‘Developed ecosystem’ based on crypto has sprung up for AI agents: Report
Cointelegraph•2026/05/25 04:45
Kalshi backs prediction markets lobby group with former Trump official
Cointelegraph•2026/05/25 04:12
Are stablecoins just digital dollars with blockchain branding?
Cointelegraph•2026/05/25 03:21
When prediction markets go wrong: Who decides what counts as the truth?
Cointelegraph•2026/05/25 03:21
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$77,167.44
+0.64%
Ethereum
ETH
$2,100.22
-0.86%
Tether USDt
USDT
$0.9987
-0.01%
BNB
BNB
$657.8
+0.27%
XRP
XRP
$1.35
-0.66%
USDC
USDC
$0.9996
-0.02%
Solana
SOL
$85.39
-0.56%
TRON
TRX
$0.3646
+0.40%
Hyperliquid
HYPE
$62.37
+4.21%
Dogecoin
DOGE
$0.1022
-0.82%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now