technical analysis and trade signals for $ALPACA
/USDT, based on the recent data:
Technical Analysis (Short-Term):
Momentum: Bullish (Strong 24h surge of +39.80%)
Volume: High, with increasing buy pressure
Indicators:
SMA (Short): Price trading above key short-term moving averages
RSI: Likely near or slightly overbought (>70), signaling strong momentum but possible near-term pullback
Trade Signal:
Type: Short-term Buy/Long
Entry Zone: $0.0410 – $0.0420
Stop Loss: $0.0365 (below last consolidation zone)
Targets (🎯):
Target 1: $0.0450 – Near-term resistance
Target 2: $0.0495 – Previous support-turned-resistance zone
Target 3: $0.0560 – Strong upside breakout level
Trade Momentum:
Momentum is strongly bullish, but volatility is high. Best for short-term traders using tight risk management. Watch for rejection near $0.0450 if volume fades.
