A GREAT READ! ON THE IMPORTANCE OF IDENTIFYING RETRACEMENT LEVELS!
#ALPHA POSSIBLY RETRACING ABOVE THE RETEST ZONE OF 0.0679: HERE'S WHY
The price of ALPHA continues to move at its retest zones where the potential retracement to the weekly resistance will possibly happen. This support being established was the previously broken major resistance last 2020. This means that any possible downward movement will still be met with extreme volume of buy orders. As we continue to look for greater positions, we are also taking into consideration that this might be the last spring of accumulation for ALPHA. With this in mind, we will also consider this to be the last point of supply for the selling pressure is already almost exhausted. Gaining more buy orders from these key levels will ensure that the sell orders will be completed devoured. Therefore, causing another wave of impulsive movement upwards.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
