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$AMZN SHORT SETUP — SELLERS REMAIN IN CONTROL!
$AMZN has dropped over 10% in the last 24 hours, breaking below its previous support and forming a clear bearish structure on the 1H chart. Price is now consolidating near 226 after a sharp sell-off, and another breakdown could extend the downside.
Entry: 226.10
SL: 231.50
TP1: 223.25
TP2: 219.50
TP3: 214.66
Extended Target: 210.50
The bearish setup remains valid below 231.50. A confirmed break below 223.25 could accelerate selling toward the recent low at 214.66, while a recovery above resistance would weaken the short setup.
Will $AMZN continue falling, or are buyers preparing a recovery?