$ALT Parabolic Pump Setup (+71% Surge)
ALT has gained 71% in the last 24 hours with rising volume ($29M), signaling a high-momentum move. Price has broken above key resistance levels with vertical acceleration, but extreme volatility requires caution.
Entry Strategy (High-Risk, High-Reward):
Aggressive Entry: $0.050–$0.051 (on retest of breakout with volume confirmation)
Conservative Entry: $0.045–$0.048 (deeper pullback to Fib 50% level)
Profit Targets:
Target 1: $0.053 – Local resistance and first take-profit zone
Target 2: $0.055 – Next key liquidity level
Target 3: $0.057 – Parabolic extension if momentum continues
Stop Loss: $0.042 – Below major support and 1D low
Why This Setup:
71% surge in 24H with increasing volume
Low-cap asset breaking out of consolidation
Momentum-driven move with potential for rapid gains
Risk Management:
Use only limit orders due to high slippage
Strictly risk a maximum of 1% of capital
Avoid emotional trading; this is a speculative momentum play
Key Level to Hold:
Above $0.050 = bullish continuation
Below $0.045 = potential retrace to $0.038
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