AMD's chart setup has been looking interesting lately. The key point is that the gap doesn't necessarily need filling as long as price holds that strong resistance confluence around the 0.886 log Fibonacci level combined with the bull market support band—this is where things get real. We've just wrapped up the week with a solid bullish engulfing candle, which broke through some previous resistance. When you see this kind of price action at confluence zones, it's worth paying attention to.
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MetaMaximalist
· 3h ago
ngl the 0.886 confluence thing is where most retail gets it wrong... they're too busy watching daily candles instead of understanding actual support architecture. bullish engulfing at confluence zones hits different when you've actually studied liquidity pools and adoption curves, not just price action theater tbh
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0xLostKey
· 3h ago
0.886 Fibonacci hasn't been broken yet, so there's still hope. This week's engulfing pattern definitely shows something.
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TokenToaster
· 3h ago
AMD's performance this week is indeed noteworthy; keep a close eye on the confluence zone.
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EntryPositionAnalyst
· 3h ago
0.886 Fibonacci meets the bull market support band, this convergence point is really quite interesting.
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fomo_fighter
· 4h ago
0.886 that level really held, and this week's engulfing line definitely shows some significance.
AMD's chart setup has been looking interesting lately. The key point is that the gap doesn't necessarily need filling as long as price holds that strong resistance confluence around the 0.886 log Fibonacci level combined with the bull market support band—this is where things get real. We've just wrapped up the week with a solid bullish engulfing candle, which broke through some previous resistance. When you see this kind of price action at confluence zones, it's worth paying attention to.