$ALPINE - Strong breakout from the range, with increasing momentum
Clear breakout above the consolidation area
The moving averages have turned into an upward trend with a sharp increase in trading volume
$ALPINE has just emerged from a narrow consolidation area between $0.68 and $0.69, rising to $0.744.
The price is now retesting the level of $0.726, with the bullish structure remaining intact, and all moving averages aligned for continuation.
Long trade setup:
Entry price: $0.726
Targets:
1: $0.740
2: $0.755
Stop loss: $0.709
Hold the trade as long as the price maintains the short-term moving average (7) support level at $0.715.
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