Alright, so looking at this $ALT chart.
Big rejection candle right there, clearly failed to break higher around that 0.054-0.055 zone.
That's a pretty strong resistance level it hit and got smacked down from.
The volume on that red candle, man, tells you the story – heavy selling pressure coming in.
We've found a bit of a local bounce off 0.033 but it's not looking super convincing.
If it can hold this 0.033-0.034 support, maybe we see a retest of 0.040.
But honestly, with that kind of rejection and volume, I'd be watching for a potential dip lower, maybe back towards 0.028 or even the low 0.020s if this weakness continues.
Stay nimble.
