Technical Analysis for $ALPHA
/USDT:馃挴馃敟
Current Price: 0.0882 USDT (+5.38% change)
24h Range: 0.0802 - 0.0895 USDT
Trend: Bullish (Short-term upwards momentum)
Support: 0.0802
Resistance: 0.0895
Moving Averages (MA): Price is trading above key moving averages, indicating a bullish trend.
RSI (Relative Strength Index): RSI at 60 - Close to overbought but not fully reached. Monitoring for potential correction.
MACD: Positive MACD, supporting the bullish trend.
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Trade Signal:
Buy Signal: Enter at 0.0882 or near 0.0850 (Support zone).
Target 1: 0.0895 (Resistance zone).
Target 2: 0.0920 (Next key resistance).
Target 3: 0.0950 (Extended resistance level).
Stop Loss: 0.0830 (below Support).
Trade Momentum:
Momentum indicates a short-to-medium-term upward trend due to the positive MACD, with the price breaking above key moving averages.
Watch for possible corrections around the resistance levels (0.0895), which might trigger pullbacks before further upward movement.
Always ensure to adjust based on market conditions and verify with your strategy before trading.