$ALPACA Entry price range is between 0.0550 - 0.0575 USDT.
Take profit targets are set at 0.0608 USDT, 0.0645 USDT, and 0.0690 USDT.
The stop loss is placed at 0.0515 USDT.
The expected time frame for this trade is short-term (1-7 days).
Current market action in ALPACA/USDT shows a strong bullish surge, with a price increase of 14.55% to 0.0567 USDT. The price movement aligns with increased momentum, but signs of a potential overextension are emerging. A significant volume spike confirms strong buying pressure, supporting the current uptrend.
Immediate support is found at 0.0540 USDT, with a stronger base at 0.0510 USDT. Resistance is observed at 0.0600 USDT, with a breakout above leading towards 0.0645 USDT and 0.0690 USDT.
24-hour trading volume stands at $5.17 million USDT, with total buy volume at 38.20 million ALPACA and total sell volume at 22.46 million ALPACA. The order book shows 84.25% buy dominance, reflecting strong accumulation. Large transactions indicate sustained bullish interest, reinforcing the uptrend.
ALPACA is ranked 1073, with a market cap of $8.53 million. Market sentiment remains positive, driven by strong volume inflows and renewed investor interest. No major negative news impacting sentiment, while price action suggests continued momentum.
This trade offers a favorable risk-to-reward ratio of approximately 1:3, balancing potential upside against downside protection.
ALPACA/USDT is showing compelling short-term strength, backed by volume surges and strong price action. While there are signals of a potential short-term cooldown, a breakout beyond 0.0600 USDT could trigger extended gains. Monitoring support at 0.0540 USDT is crucial, as a drop below could signal a correction.
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