Post Rejection Pullback Setup on $AMP /USDT – Short Opportunity
Short AMP/USDT
Entry: 0.00114 – 0.00118
SL: 0.00123
TP1: 0.00110
TP2: 0.00107
TP3: 0.00104
AMP printed a sharp impulsive move followed by immediate rejection from the 0.00125 zone, signaling exhaustion and distribution at the top. Price is now compressing below the supply region with weak bullish follow-through, indicating sellers are stepping in. Failure to reclaim 0.00118 keeps downside pressure intact, targeting a retrace into lower demand and liquidity zones.