Current situation report: ALPACA/USDT this morning surged +10.24%, thought it was a strong rebound from the bottom of 0.0391 back to its golden time… who knew it was another trick from little Camel who likes… leading others to buy high. Revealing the trend:
RSI – The 'Will Eventually Be Silent' index:
RSI(6) = 72.63 (approaching overbought)
RSI(12) = 63.95
RSI(24) = 56.24. If you're asking 'should I buy?', then RSI says: 'I'm a bit tired, entering now is the wrong person – wrong time.'
MACD – Are you guys still pushing?
MACD = 0.0003 – light as the breath of a little Alpaca just waking up.
MACD and signal lines are almost touching → weak signal like wifi at the end of the alley. Price push might be 'randomly organized'. Likelihood is that the shark just pulled its foot out of the bathtub and pressed market buy for fun.
Bollinger Band – As empty as the wallet at the end of the month:
Price just hit the upper threshold (UP = 0.0455) then… dropped down like when you see your crush text 'I only see you as a friend'.
Sign of band expansion is returning after a series of accumulation, but breakout is not clear yet.
Survival strategy: for those who like to buy high and sell low
Potential buying point (if you're daring):
Around the MA10 area and the lower Bollinger band: ~0.041 - 0.042
(Remember to set an alarm, otherwise you might wake up and the price is back to 'elementary school' 0.027)
Stop loss:
If buying in the current area of 0.0452, stop loss should be set tight at 0.039, because if it breaks this level, it will quickly return to the 'cold highlands'.
Take profit gently:
Immediate resistance area: 0.060
(Where you can exit with honor or... survive to tell the tale.)
Alpaca – a gentle coin, but the chart is vicious. It can take you to heaven with a green candle, and 5 minutes later throw you into the RSI pit with a long red candle like the pain of buying on FOMO. Be careful when chasing farm coins, as not all of them are worth milking. Mlem mlem!
Watch to know when to release output
