Taken Long And Going Good..

$ALPHA

/USDT Technical Analysis and Trade Strategy🚀🎯

Current Price: $0.1192

24h High: $0.1232

24h Low: $0.1101

Technical Indicators:

Bollinger Bands (20, 2):

Upper Band: $0.1199

Middle Band: $0.1170

Lower Band: $0.1141

Parabolic SAR (0.02, 0.2):

SAR: $0.1163

Analysis:

1. Trend Analysis:
ALPHA/USDT is in an uptrend, indicated by the +6.91% price increase in the last 24 hours. The price is currently near the upper Bollinger Band, suggesting potential resistance around $0.1199.

2. Support Levels:
The Parabolic SAR at $0.1163 and the lower Bollinger Band at $0.1141 provide key support zones if the price retraces.

3. Resistance Levels:
The upper Bollinger Band at $0.1199 is a key resistance level. If the price breaks above this level, we may see further bullish movement.

Trade Strategy

Long Position Entry:

Entry Point: If ALPHA/USDT retraces to the SAR support at $0.1163 or the lower Bollinger Band at $0.1141, this could be an entry point for a long trade.

Stop Loss: Set a stop loss below $0.1140 (below the lower Bollinger Band) to limit risk.

Target Levels:

1. Target 1 (T1): $0.1199 (Upper Bollinger Band) – Watch for resistance around this level.

2. Target 2 (T2): $0.1220 – This level could be a potential breakout point if momentum continues.

3. Target 3 (T3): $0.1232 (24h High) – A potential profit-taking zone for bullish continuation.

Short Position Entry:

Entry Point: If the price breaks below the SAR level at $0.1163, consider a short position targeting the lower Bollinger Band at $0.1141 or the 24h low at $0.1101.

Stop Loss: Set a stop loss above $0.1199 to protect against unexpected bullish moves.

Target Levels:

1. Target 1 (T1): $0.1141 (Lower Bollinger Band) – First support level to consider.

2. Target 2 (T2): $0.1101 (24h Low) – Further downside potential if the market turns bearish.

3. Target 3 (T3): $0.1080 – Potential extension of the downtrend if market conditions worsen.

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