$ALPINE — I was asked to make a review yesterday. Here it is.
The data is contradictory, but the place to buy is reasonable: justified risk and a small stop.
Let's figure it out.
Chart 1D:
- Global descending wedge: price at the lower support line.
- On Bollinger Bands — price at the lower boundary.
- RSI = 31 — moderate oversold condition.
These are positive and reasonable signals for buying.
Usually, under such conditions, the price bounces back by 20%–100% within 2–7 days.
3 realistic targets without inflated expectations:
- $0.902 (+18%)
- $1.416 (+83%)
- $1.971 (+156%)
What I don't like:
- Conservative indicators — MACD and Ichimoku — still do not give reversal signals.
- The price may test lower levels: $0.685 / $0.644 / $0.597. This is a risk.
Final conclusion:
1) You can wait and get a confident entry point on the 4H chart after confirmation.
2) Signals on conservative indicators may appear in 2–4 days.
3) At the moment — a reasonable entry point with moderate risk and historical performance.
4) Overall, the market is bad, and there is a chance to go lower, so even on SPOT, it's advisable to place a stop.
Chart 1D.
#alpine #AlpineToken ALPINE