The ALPINE coin has recently shown a significant pullback signal, and there may be short-term short-selling opportunities!
In the past 30 days, the price of $ALPINE has soared over 67%, peaking at $1.69 on August 9 before quickly falling back to $1.37, forming a typical shooting star candlestick pattern, with significant short-term overbought characteristics. Although the current price has risen to $2, it still remains below the historical high, and there are signs of exhaustion in the rebound momentum, necessitating caution against high-level pullback risks.
Three major risk factors deserve special attention: Firstly, after the contract was launched on Binance in May, the proportion of derivative trading volume skyrocketed, with a turnover rate reaching a high of 126%. Similar fan tokens (like ASR) have seen an average pullback of over 20% in the week following their contract launch, which may provide historical reference; Secondly, the Alpine team's recent event performance has been mediocre, and fan interaction has not met expectations. The actual utility of the token has difficulty activating new demand, leading to weak fundamental support; Thirdly, with only 11.36 million coins in circulation, the pressure from unlocking remaining tokens may impact the market, indicating supply-side risks.
In terms of operations, short-selling opportunities can be grasped in the short term. It is recommended to short near $2.05 with a stop loss at $2.15, and the first target is set at $1.8, providing a clearer profit space. Short-selling does not negate the long-term value of the project but is a reasonable correction to the current overheated valuation. After market sentiment cools down, long-term investment opportunities may gradually become apparent.
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