$ALPINE

Retail investors want to get a piece of the action in the cryptocurrency market, they need to seize the opportunity, like now with the ALPINE token price at 2.19, there’s a good chance to short. There are quite a few tricks here, so let’s discuss them in detail. ​

The ALPINE token previously rose to 2.2666 USD and has been declining since then; now the price is at 2.19 USD, which is close to the "resistance level" formed by the previous high. We think that if the bulls are struggling to push the price up and don’t have the strength, then the bears should take the opportunity to push the price down. At this time, if we open a short position, we can profit by following the trend.

Let’s also talk about the supply and market demand for this token. If in the near future, a large amount of tokens held by the team or private investors are unlocked, there will suddenly be a lot of tradeable ALPINE on the market, but the number of buyers is limited. With more items available, the prices will naturally fall.

The project itself also needs to be closely monitored. If the project behind ALPINE encounters technological development issues, if team members leave, or if the marketing efforts are poor, once this news breaks, everyone will lose confidence in the project and will likely sell off their tokens, causing the price to drop.

Furthermore, those technical analysis indicators can also guide us. For example, if the short-term moving average crosses down through the long-term moving average, it’s like two paths, where the short-term path is going down and has crossed the long-term path; this is a signal that the price is likely to fall. Looking at the Relative Strength Index (RSI), if it is in the overbought area and starts to turn down, it’s like a person who has eaten enough and needs to rest; the price should also correct. When these indicators are combined, it’s like giving our short operation a shot of adrenaline, increasing our chances of success.