ALPHA/USDT
Sector: DeFi / Lending Protocol
Market Cap: $90M
ALPHA is one of the crypto that hasn't explode yet to the upside, and is still in the bear market accumulation range. This range has started in May 2022, 2 years ago.
Now that we are in the lower half of this range, it might be a good idea to start buying if you think that the project is interesting and has solid fundamentals. Alternatively, you could try to enter with a Stop Loss when we reach the bottom of the range.
Another strategy would be to go long on the range break, but the risk will be higher. In short, this kind of pattern can offer great opportunities and can be traded in different ways depending on your strategy. Keep an eye on this chart and apply your trading plan!
Sector: DeFi / Lending Protocol
Market Cap: $90M
ALPHA is one of the crypto that hasn't explode yet to the upside, and is still in the bear market accumulation range. This range has started in May 2022, 2 years ago.
Now that we are in the lower half of this range, it might be a good idea to start buying if you think that the project is interesting and has solid fundamentals. Alternatively, you could try to enter with a Stop Loss when we reach the bottom of the range.
Another strategy would be to go long on the range break, but the risk will be higher. In short, this kind of pattern can offer great opportunities and can be traded in different ways depending on your strategy. Keep an eye on this chart and apply your trading plan!
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