$ALT Analysis of various levels of cycles (daily K, 4-hour K, 1-hour K), different levels of views correspond to traders with different trading style preferences, but there is a basic principle: small cycles obey large cycles

That is to say, if the large cycle has a directional view, the small cycle is based on the large cycle

We start from large to small. First of all, the daily K-line cycle shows that ALT has fallen below the previous 0.3 upper support line. After this position is broken, I can only use Fibonacci to backtest the target price below. The first target support is around 0.24, which is the first target support that can be explored while maintaining a continuous decline. It can also be used as the target position for the left empty stop profit

At present, the downward trend of the daily K has slowed down. We see that the inclination of the trend line is constantly flattening. In addition, the linear indicators such as MACD are a bit poor, not smooth enough and of little reference value

Next See if there is an opportunity in 4 hours. The current prices of 4 hours and 1 hour are both at the support position. This support position has only come out in the past few days. If the current 4-hour support is determined to be effective, I think you can enter more on the left side (but the entry point should be more accurate at least in the 30-minute cycle)

The resistance position is 0.32, which is the position of the yellow line in the figure below. This resistance level can be used as a stop-profit point. The profit-loss ratio is still very good, because it is just at the support, and the stop loss can be placed directly below the support

Combined with the 1-hour cycle, the certainty of long orders is higher, because in terms of indicators, MACD has initially formed an upward cross-bullish initial pattern after a period of adhesion. The first stop-profit position can refer to 0.32 in 4 hours, and 0.3 if conservative

But if you are aiming for 0.3, I don’t recommend you to do it, because the profit-loss ratio is average, close to one-to-one

Let’s talk about the fundamentals, Many people may have introduced #ALT再质押生态 . In fact, the core is to win over various projects under the ecological framework and give benefits to ALT holders. The current ALT re-staking has a function similar to the exchange Launchpool, which is to participate in mining through staking and re-staking $ALT .

Currently, there are two phases of projects lined up in the staking interface. It can be said that the market is open to airdrops. If you continue to structure the spot, you can try it. I have posted the tutorial before. Just search on my homepage.