Altlayer (ALT) Set for 80% Bull Flag Extension**

#AltLayer #AltLayerAirdrop #Write2Earn! #Market_Update #BinanceSquareFamily

Altlayer (ALT) has experienced a 30% price correction since late September, but several factors now support a long position. Here's why a bullish breakout seems likely :

1. Price Action & RSI Breakouts : ALT has broken through key resistance levels on both price and RSI.

2. Trend Reversal : Higher highs and higher lows indicate a shift in market sentiment toward bullish momentum.

3. Support at Previous Resistance : The price is holding at critical support levels, as highlighted by yellow arrows on the chart.

4. Bull Flag Formation : The confirmation of this classic bullish pattern points toward an 80% impulsive move upward.

While there is a possibility of further correction, it is unlikely. The current market signals favor an 80% rally in the short term.

Conclusion :

Altlayer is primed for an 80% bullish breakout following a confirmed bull flag pattern and key trend reversals. While some volatility could occur, the overall outlook is strongly positive.

Advice :

Traders should consider entering long positions this week, but be mindful of the high-risk nature of this trade. Set stop-loss levels and stay alert to any sudden market shifts.