A short term trade price prediction for ALPHA/USDT (Perpetual) based on 1H chart:
Key Indicators:
1. Current Price: $0.03349 (+1.73%)
2. Moving Averages:
MA(7): $0.03255 (price just broke above)
MA(25): $0.03198 (support zone now)
MA(99): $0.03524 (potential resistance)
3. RSI(6): 75.93 — Overbought zone, typically indicates risk of a short-term pullback.
4. Volume: Recent uptick in volume confirms a breakout attempt.
Pattern Observed:
V-shape recovery from $0.03072 low.
Price has broken above short-term resistance (MA7 and MA25), showing bullish momentum.
However, it's approaching MA(99) at $0.03524, a likely resistance level.
RSI nearing extreme overbought, which often precedes a consolidation or pullback.
Short-Term Prediction:
Bullish bias as long as price stays above $0.0325.
Watch for resistance near $0.0352. Break above that could lead to a move toward $0.0361–0.0391.
However, if price fails to break $0.0352 and RSI stays overbought, expect a pullback to $0.0320–0.0315.
Trade Setup
Entry (Breakout Confirmation):
Above $0.03530 (just above MA(99) to confirm breakout)
Targets:
Target 1: $0.03610 (minor resistance)
Target 2: $0.03910 (previous structure high)
Target 3: $0.04220 (aggressive target)
Stop-loss:
Below $0.03250 (under recent consolidation and MA(25))
