$ALPINE Bearish Momentum - Fan Token Facing Deeper Decline?

$ALPINE is experiencing significant downside pressure, dropping from a high of 2.334 to a low of 1.975 before a weak recovery to 2.026 with a -3.25% daily change. The 1H chart is filled with red candles, forming lower highs and indicating seller dominance as the price struggles below key moving averages.

Trade Setup (Short)

• Entry Zone: $2.02 – $2.04

• Stop Loss: Above $2.10

• TP1: $1.98

• TP2: $1.95

• TP3: $1.90 (extended target)

Market Insight:

Volume increased during the sell-off, showing strong bearish conviction. With MA(5) slightly above MA(10) but trend firmly down, a break below $1.975 could accelerate losses. Watch for confirmation on the next hourly candle—bears remain in control unless reclaimed above $2.15.

Buy and trade $ALPINE

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