Given the current price of $ALPINE at $1.76, here's a concise analysis:
Recent Price Action: #ALPINE has seen significant volatility, with a recent surge followed by a correction. The price is currently near $1.76, down from $6.60.
Technical Indicators:
- Bollinger Bands: The price is near the upper band, indicating potential overbought conditions.
- MACD: The MACD line is below the signal line, suggesting bearish momentum.
- Moving Averages: Short-term MA is above the long-term MA, indicating a potential uptrend.
Trading Strategy:
- Entry Point: Consider entering at $1.70, near the support level.
- Stop-Loss:Set a stop-loss at $1.60 to limit potential losses.
- Target Points: Target $2.00 as the first resistance level, and $2.50 as the next potential target.
Keep in mind that cryptocurrency markets are highly volatile, and it's essential to monitor the market closely and adjust your strategy accordingly .
ą„šš Buy and trade here š#SmartInvesting
