Something is cooking right at the bottom of the $ALT chart, and you need to see this.
Look at the low it printed around $0.02721. That's a strong rejection down there. You see how the last two candles have long wicks? Buyers are aggressively stepping in at that specific price.
It's been a rough slide down from the $0.02938 high, but the selling is starting to look exhausted. The price action is showing an attempt to put in a double bottom right here.
If the bulls can push it up and close this current 1-hour candle above 0.0278, we could see a quick move back towards the 0.0285 level for a decent scalp. The bid side of the order book looks healthy too.
This could be the bounce we've been waiting for. Don't miss the entry if confirmation comes.
Do you think ALT has finally found the floor?