$ALPINE has started to weaken! Seize this wave of prosperity!
After rising to 2.57, it surged but quickly fell back down, indicating significant selling pressure above, and funds did not continue to push up.
Although there were a few rebounds afterward, each time the rise could not surpass the previous highs, clearly showing a 'lack of strength after a surge' pattern, making it difficult to push higher in the short term.
From the market perspective, after large funds sold at high levels, the market's willingness to follow suit is weak, and trading volume is decreasing, which increases the likelihood of another drop.
Currently hovering around 2.18, don't be misled by the temporary lack of a significant drop, as there is heavy pressure above and support below has not stabilized. If it breaks below 2.1, the market might soften.
In simple terms, this wave of ALPINE has not strengthened; it resembles a phase of decline after a rebound. Personally, I am bearish in the short term, so be cautious not to hold on stubbornly!
