Sell at price $ALPACA from 0.1950 to 0.2200 - Warning with increasing price pressure

The price of $ALPACA is approaching a strong resistance area between 0.1950 and 0.2200, which is an area where the price faced intensive selling previously. After recovering from its recent lows near 0.1300, this movement seems more like a slight rise than a trend reversal.

As Bitcoin continues to struggle to maintain a strong upward trend, the risk of rejection at these levels remains high. The Relative Strength Index (RSI) is entering overbought territory, and the MACD indicator shows signs of slowing momentum. This makes the current range attractive for a sell trade, especially for swing traders targeting a pullback towards 0.1750 and 0.1600.

If the price of $BTC fails to reclaim the 97k and 98k area, pressure on alternative currencies like ALPACA may increase rapidly.

Buy and trade at $ALPACA