AMD Long

Key Technical Insights:
Clean Rejection from Demand Zone:

Price recently tapped into a well-defined demand zone (highlighted green) around $152–$155.

The immediate bounce suggests that buyers stepped in with strength, likely absorbing sell-side liquidity.

Liquidity Grab Below Short-Term Lows:

Before the move up, price dipped just enough to trigger stops below recent lows, clearing out weak hands.

This kind of liquidity sweep is often used by smart money to build long positions before a directional push.

Current Price Action:

Price is consolidating just below a minor supply zone around $159–162.

This pause is constructive: it signals that momentum may be building for a breakout higher.

Upside Outlook (Based on Your Arrow)
Your arrow points to a bullish breakout — and that aligns well with current price structure.

Once supply near $161 is absorbed, price has a clear path to push toward the mid-160s and beyond.

The current higher-timeframe trend supports continuation, and any short-term dip into the $155–156 range may offer re-entry opportunities.