Technical analysis by ProSignalai about Symbol AMZNX: Sell recommendation (7/18/2025)

1.Liquidity Landscape Buy-Side Liquidity Cleared: Liquidity above the recent swing high was taken — likely triggering breakout traders and stop orders from earlier shorts. This move appears to be a classic liquidity raid before a reversal. Sell-Side Liquidity in Focus: Price is now targeting sell-side liquidity resting below recent higher lows (e.g., below ~222 and especially near 218.50). This aligns with the direction of your arrow, suggesting price may hunt liquidity pools beneath internal lows. 2. Confirmation via Reaction The strong rejection from that supply zone confirms no intent to hold price above 227, meaning that was likely a liquidity raid, not a genuine breakout. Price has already broken below the midpoint (0.5 level at 222.85), adding confidence to the short bias. 3. Liquidity Targets Below The next likely targets are sell-side liquidity pools resting below: Around 218.50 (marked zone) Deeper lows near 211–212, and potentially 208–209, where untouched demand and previous stop clusters lie.