Short Trade Setup for $ALICE /USDT:
Current Price: 0.4394 USDT (+14.85%)
Resistance Level: 0.4888 USDT
Support Level: 0.3808 USDT
Trend: Bearish Pullback
Entry Strategy:
Enter short position if price fails to break above resistance at 0.4888.
Target: Look for a drop towards the support level at 0.3808.
Stop Loss:
Place stop loss just above the recent high 0.4900 to protect against sudden upward moves.
Analysis:
After a strong upward rally, the price is now showing signs of pulling back.
The momentum seems to be weakening, and with no immediate bullish continuation, a short entry can be considered.
Action:
Monitor for a retest of the resistance zone at 0.4888 and enter short if price fails to sustain above this level.