Market Analysis of $ALPACA and also trading set-up :-
Current Market Sentiment: Neutral to Bullish
Price: $0.0622
24H Change: +1.80%
Support Level: $0.0570
Resistance Level: ~$0.0638
Trend Indicator: Parabolic SAR (yellow dots) suggests an upward movement as the dots are below the price.
MACD: Neutral, no strong divergence or crossover signal.
Technical Setup for Trading
š¹ Spot & Futures Trading Strategy:
1. Long Setup (Bullish Play)
Entry: Around $0.061 - $0.062
Take Profit (TP): $0.067 - $0.070
Stop Loss (SL): $0.059
Confirmation: If price holds above $0.062 with increasing volume.
2. Short Setup (Bearish Play)
Entry: Near $0.063 - $0.064 (resistance level)
Take Profit (TP): $0.058 - $0.057
Stop Loss (SL): $0.065
Confirmation: Rejection at resistance with declining volume or SAR flipping bearish.
Market Outlook:
The short-term trend is slightly bullish as the price is trying to break resistance at $0.063.
If momentum continues with volume, a breakout is likely.
However, failure to break resistance could result in a retracement back to $0.058-$0.057.
Conclusion: Watch price action around $0.063 resistance. A breakout confirms bullish momentum, while rejection signals a possible short opportunity.
#JELLYJELLYFuturesAlert #WhaleMovements #VoteToListOnBinance #GameStopBitcoinReserve #BinanceAlphaAlert
Favorite coin: DOGE XRP PEPE ALGO TRX
