๐จ ALPACA Trade Setup: The Wild Ride Continues! ๐จ
Current Price: $0.6798 (+5.70%)
24h Range: $0.0930 โ $1.23
Market Cap: $7.16M
24h Volume: $139.23Mโ
๐ฅ Trade Setup:
Entry Zone: $0.60 โ $0.65 Resistance Levels: $0.85 / $1.00 / $1.23 Support Levels: $0.50 / $0.40 / $0.30 Stop-Loss: Below $0.50 Take-Profit Targets: $0.85 / $1.00 / $1.23โ
โ ๏ธ Key Factors:
Binance Delisting: ALPACA is set to be delisted from Binance on May 2, 2025, which has contributed to recent price volatility. โ Short Squeeze: The token experienced a significant short squeeze, leading to a 60x price surge. โ High Liquidations: Over $45 million in liquidations occurred, indicating high market volatility. โ
๐ Technical Indicators:
RSI: 36.28 (Bearish) 50-Day SMA: $0.1136 200-Day SMA: $0.1436โ
๐ Strategy:
Given the current volatility and upcoming delisting, traders should exercise caution. Monitor price action closely and adjust positions accordingly.โ
#ALPACA #CryptoTrading #BinanceDelisting #MarketVolatility #TradeSetup
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