$ALPHA
/USDT: Watching for Reversal Opportunities After a Pullbackđđđ„
Current Price: $0.1008
24h Change: -5.88%
24h Range: $0.0995 - $0.1114
24h Volume: 28.21M ALPHA / 2.98M USDT
Technical Snapshot đ
1. Trend:
Bearish with a -5.88% decline, indicating a correction after recent highs.
Price is testing near $0.1000, a key psychological level, potentially setting up for a reversal.
2. Key Support:
$0.0995 (recent low, critical support)
$0.0950 (stronger support zone)
3. Key Resistance:
$0.1040 (immediate resistance)
$0.1114 (recent high, a key resistance level)
4. Indicators:
RSI: 41 (Neutral to slightly oversold, indicating potential for a bounce)
MACD: Bearish crossover, indicating continued pressure to the downside unless a reversal occurs.
Volume: Low trading volume, suggesting indecision or consolidation before the next move.
Trade Strategy đŻ
Entry Zone: $0.1000 - $0.1010 (Look for signs of support or stabilization at key levels)
Stop-Loss: $0.0950 (Protect against further downside)
Target Levels đ
1. đŻ Target 1: $0.1040 â Immediate resistance
2. đŻ Target 2: $0.1075 â Next resistance zone
3. đŻ Target 3: $0.1114 â Extended target for a full recovery
Trade Tip:
If ALPHA holds above $0.0995 and shows bullish price action, consider entering near support. A break above $0.1040 could confirm the reversal and signal further upside potential.
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