The chart indicates a strong shorting opportunity on ALPINE/USDT, as the asset appears to be highly oversold across all time frames. The current technical setup suggests favorable conditions for a potential downward move, making it an opportune moment to consider short positions. Additionally, the price is forming a rounding top on lower time frames, accompanied by a significant fair value gap (FVG) above the current price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.