$ALPACA V-Shaped Recovery: Will Bulls Reclaim the Highs?
$ALPACA is trading at $0.6849, rebounding sharply after a heavy pullback from the $1.20+ zone. The current bounce off the $0.5324 base suggests strong dip buying, but price now faces multiple resistance levels before reclaiming previous highs.
Key Levels to Watch:
• Resistance Zones:
• $0.8400 – $0.8800
• $1.1200 – $1.2000
Breakout above these zones may lead to:
• TP1: $1.2600
• TP2: $1.3500
• Support Zone: $0.5320
A break back below this level could invalidate the recovery, leading to:
• TP1: $0.4800
• TP2: $0.4200
Trade Setup: V-Reversal in Play
• Bullish Scenario: Sustained push above $0.8800 may open the path back toward $1.20 and beyond.
• Bearish Scenario: Failure to break $0.8400 or a rejection from $0.8800 could trigger a return to $0.6000 support.
• Stop-Loss Guidance: SL below $0.5200 for longs, above $1.2000 for aggressive shorts.
V-shaped reversals often carry power—but only if buyers stay in charge.