$ALPHA
USDT BEARISH BREAKDOWN – PRICE SINKS TO NEW LOWS
The recent price action on $ALPHAUSDT shows continued bearish dominance as the market breaks down below previous minor supports, indicating weakness and potential further downside.
🔑 Key Levels:
Current Price: 0.0120
Immediate Resistance: 0.0125
Major Resistance: 0.0130
Immediate Support: 0.0118 (24h low)
Major Support: 0.0115
📉 Trade Setup (Short):
Entry: 0.0120 – 0.0122
Targets:
TP1: 0.0118
TP2: 0.0115
Stop Loss: 0.0126
📊 Market Outlook: Momentum remains bearish on the 1H timeframe with consecutive lower highs and lower lows. If price sustains below 0.0125 resistance, further sell-off towards 0.0115 support is likely as sellers continue dominating the market.
⚠️ Risk Management: Trade with reduced position size and strict stop loss, as oversold bounces are possible. Risk only 1-2% of your capital per trade to protect account equity.
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buy and trade here on $ALPHA