$ALPACA Short Setup: Riding the Pullback
Trade Bias: Bearish (Short)
🛠️ Trade Setup
📉 Short Setup:
Entry 1: $0.2900
Entry 2: $0.3270
🎯 Take Profit 1: $0.2700
🎯 Take Profit 2: $0.2500
🎯 Take Profit 3: $0.2200
🎯 Take Profit 4: $0.1841
🛑 Stop Loss: $0.3100
❓ Why This Trade?
Price surged 70%+ today, extremely overextended beyond upper Bollinger Band ($0.1841).
Mean reversion is statistically probable after such extreme overbought conditions.
Large upper wicks near $0.2964 show sellers stepping in aggressively.
Volume remains high but unsustained, showing signs of exhaustion.
🔑 Key Levels to Watch
Resistance: $0.2964, $0.3100
Support: $0.2700, $0.2500, $0.2200, $0.1841