$ALPACA Done🔥🔥

📉 Short-Term Trading Strategy: $ALPACA Short Setup🚨🚨

⚠️ Market Overview

Current Price: ~$0.35 USD

24H Performance: -40%

Recent High: $1.22 USD

Trend: Sharp decline following a speculative surge​

🔍 Entry Strategy

Breakdown Entry: Consider entering a short position if ALPACA breaks below the $0.34 support level with increased volume.

Pullback Entry: If ALPACA retraces to the $0.50 resistance level and shows signs of a bearish reversal, it may present a shorting opportunity.​

🎯 Take-Profit Targets

TP1: $0.30

TP2: $0.25

TP3: $0.20​

🛑 Stop-Loss

SL for Breakdown Entry: Above $0.38 to manage upside risk.

SL for Pullback Entry: Above $0.55 to limit potential losses.​

📊 Indicators to Monitor

RSI: Currently around 40, indicating bearish momentum.

MACD: Bearish crossover observed, suggesting downward momentum.

Volume: Increasing volume on down days supports the strength of the current downtrend.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact ALPACA's price, especially regarding its delisting from Binance.​