💎 ALPHA has recently experienced significant market dynamics, facing rejection at the supply area. There's a potential for the price to undergo a retracement phase, testing the support area that was previously a resistance.
💎 If this retest is successful, with the price bouncing off the support, it could signal an attempt to break through the supply area again....
1D time frame
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ALPHA is creating a bottom structure ranging from 0.5~0.7, and there are 3 obvious resistance zones on the chart. Considering the potential trend of Bitcoin and Ethereum, the first resistance (0.2) is the possible PRZ before bull coming. However, if bull market start running, we can expect 0.6 in next year.
TP: 0.2~0.26 / 0.4~0.43 / 0.6~0.7
SL: 0.057
BINANCE:ALPHAUSDT.P Alpha USDT
Price Break the resistance level .11276 now retest the in 1 Hr TF. Bullish Candle in 4 Hr very good bullish sign towards price more upward direction in coming hr. Price 2 times test the .12544 Level now again test this level. If price break this level or stay above this level at least 1 day then chances move upward direction....
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ALPHA /USDT breaks this bullish expanding triangle pattern and now retesting it...
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Everything on the chart.
open pos: 0.96-1.02
target: 1.3 - 1.6 - 1.8
after first target reached move ur stop to breakeven
stop: ~0.75(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5
Good luck everyone!
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