$ALT /USDT TECHNICAL ANALYSIS: SHORT TRADE SIGNAL
Trade Setup:
The chart for ALT/USDT shows that the price has been rejected after failing to break above the resistance at 0.03504. The subsequent price action indicates a strong bearish reversal, with the price now trending downwards.
Entry: Short at the current price of 0.03692 or on a slight bounce.
TP1: 0.03504 (Previous Resistance)
TP2: 0.03319 (Recent Low)
SL: 0.03843 (24h High)
Short Outlook of Market:
The price of ALT/USDT has recently faced significant selling pressure after a failed attempt to rally. The market's short-term outlook is bearish as the price has broken below key levels and seems to be headed for a retest of its recent lows. Traders should be cautious and monitor the price action for a potential continuation of the downtrend.
