Unleash the Potential: $ALPINE Soars to New Heights
Price Action and Levels:
Entry Point: Marked at 2.130 - 2.125, indicating the price level to enter a long position.
DCA (Dollar-Cost Averaging): Set at 2.192, suggesting an additional buy level if the price dips.
Stop Loss (SL): Placed at 2.251, which is above the recent high, indicating a risk management level to exit if the trade goes against you.
Take Profit (TP) Levels:
TP1: 0.786 (2.044), a potential profit target.
TP2: 0.618 (1.973), another profit target.
TP3: 0.5 (1.922), a mid-range target.
TP4: 0 (1.710), the final target with the lowest Fibonacci retracement level.
Technical Analysis:
The chart shows a recent upward move with a strong green candlestick at the entry level (2.130 - 2.125), followed by a pullback.
The price appears to be testing support around the entry zone, with potential for further upside if it holds.
RSI (Relative Strength Index):
The RSI at the bottom shows the momentum. It has recently risen sharply, moving from below 40 to around 81.55
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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.