Is ALT/USDT entering an attractive bottom zone to buy, or is this just a signal of a deeper decline?

Assessment

Resistance: 0.11129 (MA25) and 0.11401 (MA99), these are the two levels that need to be broken to confirm an uptrend.

Support: 0.10764, the nearest bottom price zone, if broken could push the price down further.

RSI shows that the price is still in the neutral zone, with no clear signs of being oversold or overbought.

Trading Strategy

Entry Point: Consider buying at 0.108 with confirmation signals of increased volume.

Take Profit: Target price zone 0.111 - 0.114.

Stop Loss: Set at 0.106 to minimize risk.

Capital Management

Keep the risk ratio at 2% of capital, avoiding chasing short-term corrections.

Do you think ALT has enough momentum to break through strong resistance levels and reverse upward, or is this a bull trap?

#ALT #Crypto #RiskManagement