$ALPACA /USDT is currently trading at 0.1987 on the 15-minute chart, showing an impressive 40.92% gain in the last 24 hours.
The price surged to a 24-hour high of 0.2760 before experiencing a correction, stabilizing near its present level.
The immediate resistance to watch is at 0.2364, which, if breached, could trigger further upside potential. Key support is positioned at 0.1904, serving as a crucial level for maintaining bullish momentum.
Traders looking to enter the market might consider an entry around 0.2000, with take-profit targets set at 0.2150 (TP1), 0.2300 (TP2), and 0.2500 (TP3) for progressive gains. A prudent stop-loss (SL) should be placed at 0.1800 to mitigate potential downside risks.
The MACD indicator suggests bearish pressure might be easing, but the RSI at 34.02 indicates the asset is still in the lower range, implying room for recovery if buying volume increases.