🧩 Technical Analysis & Trading Strategy for ALT (Altlayer) on June 18, 2025
Current price is approximately $0.0381, having recovered strongly after being listed on Upbit – increasing ~35–50% in the last 24 hours.
🔍 Spot Trading – not yet bought
• Do not rush to buy: ALT has risen sharply, currently in a short-term overbought state, RSI 70 and the price is far above SMA50 ($0.031) .
• Better accumulation zone: wait for a pullback to around $0.030–0.032, where the price approaches the average line and old support.
🔻 Futures Trading – Short at 0.0380
• Entry: $0.0380
• SL: $0.041 (upper limit near today's peak and long-term MA50)
• TP: $0.0325 (retest support adjustment zone)
This scenario is suitable as ALT is experiencing strong profit-taking after the first pump. However, if the price continues to rise strongly due to new capital inflow, the Short position may be risky.
🟢 Futures Trading – Long at 0.0314
• Entry: $0.0314 (near SMA50 and technical support area)
• SL: $0.0305
• TP: $0.0335
This strategy makes sense if ALT experiences a technical rebound – hitting support and then bouncing back.
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⚠️ Risk Warning & Summary
1. Current volume is very high (~$230–480 M in 24h), strong capital flow but can easily cause significant volatility .
2. Both RSI and MACD show signs of overbought, the likelihood of price adjustment is high .
3. If BTC adjusts, ALT is likely to be pulled down as well.