🚀$ALT /USDT – Momentum Breakout or Resistance Rejection? 🚨🤔🔑👇
Current Price: 0.02696
Timeframes: 1H & 4H
📉 4H Chart Breakdown:📊
🔸 $ALT Price is retesting the 50 EMA (yellow: 0.02746), acting as a local resistance.
🔸 Rejection seen earlier near 200 EMA (red: 0.02840).
🔸 RSI is recovering (54.10), showing a neutral-to-bullish bias.
🔸 Structure shows a double bottom reversal forming on 4H.
📈 1H Chart Observations:📊
🔹 $ALT just closed above the 200 EMA (red: 0.02679) with a wick test—bulls attempting breakout.
🔹 RSI at 64.15—indicates strong buying interest but nearing overbought.
🔹 Price is riding the 9 & 21 EMA curves upward, showing a short-term bullish momentum.
🧠 Trade Strategy – Bullish Bias (Short-Term Swing):
🎯 Entry: 0.02670–0.02680 (pullback near 200 EMA on 1H)
🎯 Targets:
TP1: 0.02740 (Previous EMA resistance)
TP2: 0.02830 (4H 200 EMA resistance zone)
🛡️ Stop-loss: 0.02620 (Below 1H support + 50 EMA)
📌 Why Bullish?🔥
1H crossover of all EMAs with bullish RSI trend
Break above key resistances with higher lows
RSI divergence forming a recovery path on 4H
No immediate bearish engulfing signals
🔁 Watch Zone:
If 0.02750 is broken with volume, a momentum breakout toward 0.02850 is likely.
If rejection seen again, price may retest the 0.02620–0.02600 demand zone.
🧘♂️ "Patience in the market is not inactivity, it’s waiting for clarity."
📉 Always trade with a risk plan. Market volatility can shift setups quickly.
🔻 This analysis is for educational purposes, not financial advice.
