After Sharp 2x gain $ALT Spike Then Slip Bearish Short Setup Emerging..... After a sharp vertical rally from $0.024 to $0.05457, $ALT faced heavy rejection and is now showing signs of exhaustion.
🔻 Trade Setup (Short Idea):
Entry Zone: $0.03750 – $0.03900
Take Profit 1: $0.03280
Take Profit 2: $0.02860
Stop Loss: $0.04250
The massive wick at the top and swift retracement suggest a bull trap. Watch for confirmation of weakness near resistance and fading volume.
This is a high-reward setup if the breakdown continues. Manage risk and scale out Smartly....