🚨 $ALT /FDUSD – Oversold Bounce Incoming or Bear Trap? ⚠️
$ALT is trying to hold ground after a steep pullback. Currently priced at $0.03179 with a +5.76% recovery—but RSI is deep in oversold territory. Let’s break down what’s next 👇
📊 Market Overview
📍 Current Price: $0.03179
📈 24h High: $0.03349
❄️ 24h Low: $0.02986
📊 MA Levels:
• MA(7): $0.03229
• MA(25): $0.03194
• MA(99): $0.03332
📉 RSI (6): 27.38 (Oversold – potential bounce zone)
🔄 Volume:
• 24h Vol (FDUSD): 123,374.93
• Vol: 18,613
• MA(5): 82,516
• MA(10): 112,770
📈 ALT Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If ALT Holds Above $0.0305):
• Entry: $0.0323–0.0325
• Targets: $0.0348, $0.0366, $0.0384
• Stop-Loss: $0.0294
🔹 Bearish Scenario (If Price Rejects Below MA(25)):
• Entry: Below $0.0305
• Targets: $0.0294, $0.0280
• Stop-Loss: $0.0323
🔍 Should You Hold or Sell?
✅ RSI is flashing oversold, which often leads to relief bounces
⚠️ Price stuck between MA(7) & MA(99)—trend remains uncertain
⚠️ Need strong push above $0.03229 (MA7) to confirm a bullish flip
💡 Pro Tip:
🔄 Consider scalping into strength above $0.0323, but stay nimble—volume is drying up
🚨 Watch $0.0300 as a line in the sand—failure there opens risk of fresh lows
📢 What’s your take on $ALT—short squeeze or further dump ahead?
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