After the surge of ALPINE coin, is the opportunity to short coming?
On the 16th, the F1 fan token $ALPINE surged 54% in a single day, with the price hitting $2.20. The following points are worth noting:
First, ALPINE touched a low of 0.58, and this rise was purely driven by the popularity of the F1 event. Most fan tokens often experience a significant pullback after a surge! For example, the OG token once rose 114% in a single day before retreating;
Secondly, current altcoins are facing the issue of increased token supply, while ALPINE's market cap is only several tens of millions of dollars, ranking 980th, making it vulnerable to risks.
It is recommended to short around 2.06, with a stop loss above 2.26; those who are more conservative can exit at the support level of 1.84, while the aggressive can target 1.50.
In short, the rise and fall of ALPINE depends on the popularity of the F1 event and the project team. If you want to avoid detours, just follow my lead. I provide firsthand news and top strategies to fans, making it easy to profit with real-time setups. If you agree, come on board!
