$ALPACA Rapid Report: Violent Surge, Bulls and Bears Battle at 0.216 Height
ALPACA's five-minute chart shot up to 0.19794, just a step away from the previous high of 0.216, with a daily increase of 3.95% taking off along the five-day moving average, and the yellow, white, and purple lines indicating a standard bullish formation. Coupled with the positive news on Layer2 expansion, the main force is clearly attracting attention, but the 5.43% fluctuation exposes the risk of loosening chips.
The red three soldiers candlestick pattern appears strong, but the MACD red bars shortening diverges from the price, which is a solid proof. The MA10 moving average's support strength at 0.19570 is diminishing, while 0.216 is pressing against a wall of 20 million sell orders, and the support below at 0.195 is as thin as a cicada's wing, with clear signs of a dog trader placing fake orders to fish. This kind of volume-price divergence market is likely to bury both bulls and bears.
OKX contract positions soared to 20.2M, setting a monthly peak, yet the funding rate is inverted at -0.03%, clearly indicating that bears are setting up a pocket formation in the 0.20-0.22 range. The resistance level at 0.216 has failed to breach three times, which will inevitably trigger a waterfall.
Spot trading suggests immediately cutting positions by 20% to preserve capital. Contract players remember that 0.195 is the lifeline; breaking this level must mean cutting losses, with the probability of a spike in the early morning rising above 70%.
Operations:
A true breakout at 0.216 must satisfy:
1. Trading volume explodes beyond the 100M mark.
2. A significant purchase order of 5 million dollars appears.
The old fox now has two strategies: the conservative side places a buy limit at 0.195 to wait for the bottom, while the aggressive side chases after a breakout at 0.216 to sell at 0.22. Brothers with full positions should at least reduce by half before 9 PM; once the Layer2 benefits are implemented, it signals a sell-off.
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