🚨 Watch out for $ALT /USDT, crypto family! 🚨
We are seeing an interesting movement in $ALT. After an attempt at a rally that took us close to $0.02941, it seems that selling pressure has been felt strongly. The 7-period moving average (MA7) at $0.02669 and the 25-period moving average (MA25) at $0.02781 are acting as clear resistance, and the price is below both! 📉
The 24h low at $0.02612 and the current selling volume, which far exceeds demand (91.39% supply!), indicate that many people are releasing their ALT. This, friends, is the order book speaking, and it screams "manipulation" to the four winds. 😱
What does this mean? We could be seeing an important "pullback" or, worse yet, a deeper correction if that level of $0.02612 cannot be maintained. Those who entered at higher levels must be patient, but with caution. Traders, watch for possible bounces, but with confirmation! Keeping a good eye on psychological support levels will be key.
At this moment, patience is a more valuable asset than any crypto. Don't get carried away by FOMO if you see a small rebound, but also don't be swayed by FUD if it keeps falling. HODL with your head and always manage risk!
