$ALT After successfully breaking the supply zone on the weekly timeframe with strong momentum and forming an Inverted Head and Shoulders (IHNS) pattern, AltLayer is currently experiencing a correction.
Now, attention is focused on one important thing:
Will AltLayer succeed in forming a new base to continue strengthening?
Or will it fail again and fall deeper?
The level 0.0318 is a key area. As long as this area can hold as a new support, the potential for further bullish movement is still open. However, a drop below 0.0236 could invalidate the structure that has been built.
Disclaimer: This is not an invitation to sell or buy any asset; this is purely my personal journaling note.
