$ALPINE /USDT based on the latest data:
$ALPINE /USDT TECHNICAL ANALYSIS — BULLISH BREAKOUT IN MOTION!
Current Price: 1.568 USDT (Rs443.91)
24h Change: +54.94%
24h High: 1.700 USDT
24h Low: 1.004 USDT
24h Volume: 20.26M ALPINE / 27.44M USDT
Key Levels:
Support:
Strong support at 1.427 USDT
Secondary supports at 1.329 USDT and 1.230 USDT
Resistance:
Immediate resistance at 1.700 USDT (24h high)
Next resistance zone around 1.723 USDT
Indicator Highlights:
MA / EMA: Price above major moving averages signaling bullish strength.
Bollinger Bands (BOLL): Price near upper band indicating strong upward momentum but watch for short-term consolidation.
Parabolic SAR (SAR): Positioned below price, confirming bullish trend.
Volume (VOL): High trading volume confirms strong market participation and validates the move.
Trade Setup:
Long Position:
Entry: Around current price 1.56-1.57 USDT or on slight retracement near 1.427 USDT support.
Targets:
TP1: 1.700 USDT
TP2: 1.75-1.80 USDT if breakout above 1.700 sustains
Stop Loss: Below 1.329 USDT support for risk management.
Risk Management:
Use stop loss to protect capital in case of reversal.
Adjust position size based on volatility and risk tolerance.
Monitor price action near resistance for potential profit booking or continuation signals.
Summary:
$ALPINE/USDT is exhibiting strong bullish momentum with a powerful breakout attempt above key resistance levels. High volume and technical indicators support further upside potential. Stay cautious near 1.700 USDT and manage risk wisely.
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