📉 $ALT /USDT – SHORT TRADE SETUP FOLLOWING OVEREXTENDED RALLY

$ALT /USDT has recorded a significant intraday gain of +53.38%, reaching a high of $0.05457 before sharply rejecting and retracing. This type of rapid vertical movement, accompanied by declining volume on the way down, suggests a potential short-term correction is likely as the market digests the recent spike.

The price is currently trading at $0.03816, below the local resistance zone and failing to reclaim bullish momentum. The structure now favors a short trade setup targeting a pullback toward prior support levels.

🔽 SHORT TRADE SETUP

Entry Zone: $0.03800 – $0.04000

Stop Loss: $0.04500 (above local resistance and rejection wick)

🎯 Target Levels:

TP1: $0.03200 (first minor support)

TP2: $0.02850 (mid-level reversion)

TP3: $0.02480 (full correction to 24h low)

🔍 Technical Rationale:

Bearish Rejection Candle: Strong wick from the top indicates selling pressure.

Volume Divergence: Decreasing volume on lower highs supports weakness.

Overbought RSI on Intraday Timeframes: Signaling potential downside movement.

Parabolic Structure Breakdown: The move appears unsustainable without consolidation.

⚠️ Risk Management:

Use appropriate position sizing. Limit risk per trade to 1–2% of total capital. Reassess if price action invalidates the setup above $0.04500. Monitor key support levels as potential bounce zones.

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