Brothers, the opportunity to eat meat has arrived! $ALPINE is experiencing high-level fluctuations, and short opportunities are brewing!
From the 1-hour level of ALPINE:
Clear top characteristics: After a rapid rise to $2.57, it quickly fell back, forming a typical pattern of significant volume surge + rapid withdrawal, which is often a signal for the main force to offload.
Moving average pressure: Although the current price has stabilized at $2.2, it remains suppressed near EMA7 and EMA30, showing weak upward momentum.
Bollinger Bands contraction: The upper Bollinger Band is gradually flattening, with significant pressure from the middle band and space for another test of the lower band, indicating that the market has entered a phase of shrinking fluctuations and may choose a direction at any time.
KDJ overbought pullback: Currently, the K value is bending down from a high position, indicating short-term pullback pressure. If it breaks below the $2.18 support, there is a high probability of testing the $2.0 or even $1.9 area again.
In summary, after fluctuating in the $2.2~$2.3 range, ALPINE shows weakness in the bullish trend, and the market is currently in a distribution-type fluctuation.
At this moment, chasing long positions carries great risk, and instead, it is an opportunity to position short at high levels.
The market is ever-changing; without a clear direction, one will only be harvested like leeks!!
Stay grounded, catch the rhythm, and you will have a place in the next wave of profits!!!
