$ALPACA / USDT ā Experiencing a Significant Correction! š
$ALPACA is currently trading at 0.2422, down a substantial -10.20% today. Looking at the 4-hour chart, we're seeing a sharp downward move after a strong upward surge. This could be a healthy correction or a sign of further bearish momentum.
Potential Scenarios:
* Finding Support: $ALPACA might find support around the current levels or lower, potentially leading to a consolidation or a bounce back.
* Further Downside: If the selling pressure continues, we could see a deeper retracement towards previous support levels.
Key Levels to Watch:
* Current Price: 0.2422
* Recent High (Potential Resistance): Look at the peak of the recent surge.
* Potential Support Levels: Keep an eye on previous consolidation areas or Fibonacci retracement levels (not shown on this chart).
It's crucial to be cautious during such volatile movements. Remember to conduct your own thorough analysis and manage your risk wisely. Wishing everyone a mindful Sunday afternoon from Multan!
