๐ $ALPACA /USDT โ Bearish Reversal or Bounce Incoming?
๐ Momentum Analysis: ALPACA has dropped -9.09%, testing key support at $0.0570 after a sharp rejection from $0.0743. High volatility with 105.73M ALPACA traded in the last 24h signals potential accumulation or further downside risk.
๐ Trading Data:
๐น Price: $0.0600
๐น 24h High: $0.0743 | 24h Low: $0.0570
๐น 24h Vol (ALPACA): 105.73M | 24h Vol (USDT): 6.94M
๐น Order Book Depth:
Resistance: $0.0611 / $0.0609
Support: $0.0585 / $0.0570
๐ Long Setup (Only if breakout is confirmed above $0.0615):
๐ธ Entry: $0.0615 โ $0.0630
๐ธ Targets: T1 $0.0675, T2 $0.0700, T3 $0.0743
๐ธ Stop Loss: Below $0.0570
๐ Breakout Confirmation: Needs a close above $0.0615 on higher volume. If rejected, expect a retest of $0.0570 โ $0.0568 for possible accumulation.
๐ก Pro Tip: Watch for a bullish divergence on lower timeframes before taking positions. If BTC shows weakness, ALPACA may dip further before a potential bounce.
๐ Exchange: Binance