Watch for a breakout or rejection at key resistance Amazon.com, Inc.BATS:AMZNBigCEO14Amazon is currently trading in a tight range after a sharp intraday move. Price attempted to push higher but has been rejected multiple times around 245.90–246.10, making this the key resistance zone to watch. 📈 Bullish Scenario If buyers reclaim 246.10 with strong volume and the candle closes above resistance, I will look for continuation toward: * 246.50 * 247.00 * 248.00 if momentum accelerates. Confirmation: * Price above VWAP * 9 EMA above 20 EMA * Increasing volume 📉 Bearish Scenario If price continues rejecting this level and volume begins favoring sellers, I expect a pullback toward: * 245.00 * 244.60 (support) * 244.00 if selling pressure increases. Trading Plan I’m waiting for confirmation rather than predicting direction. A breakout with volume favors longs, while another rejection at resistance could provide a short opportunity. Patience is key—I’ll let price show its hand before entering.