#ALICE SHOWS SIGNS OF CONSOLIDATING: WHAT'S NEXT?
We have been on the lookout for ALICE's potential to continue accumulating more strength at its depths. This has also been confirmed when most buyers desire to purchase ALICE at these prices from this specific price range. Some market participants may view a ranging market structure as an opportunity to accumulate additional assets and identify entry points at key levels of buying and selling. For more aggressive traders, this phase offers a chance to secure a favorable position, anticipating significant market movements following the period of consolidation. In this scenario, we expect a continued retest of resistance for ALICE, which will enhance the overall market structure. It is relatively straightforward to identify the monthly lows and highs of an altcoin. The observed price range has varied between 0.90 and 1.28, which is now acknowledged as a newly formed support level.
OUR #ARKM TRADE'S RECAP!
Previous Month Analysis:
The continuous struggle of ARKM to break both its major support and resistance has caused many traders to be confused. Although, we were able to take this confusion into our advantage. By initiating just 2 long trades, we were able to take profit 32.77% & 67.34%. The fact that this altcoin hasn't broken down back to its previous major support just shows how much the buyers are holding this price. Although, we can't rule out the possibility that another least possible price may happen. In the event, it does have another least possible price. We will treat this as its own discounted price for the long-term aspect seeking of our own.
Right now, ARKM has successfully increased by 171.61% which is almost double from its value when it hadn't broken through the minor resistances yet. This has proved just how much ARKM is valued on its overall market community.
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Stay wise, trade cautiously.