You are interested in the fact that Alpha has been tagged "Monitoring Tag" by Binance due to its high volatility!
📌 Trading Strategy
1. Short-term Strategy (Scalping / Swing Trading)
Entry for Buy (Long):
When the price touches the strong support level of $0.0236 and a reversal signal appears (e.g., Hammer candle, Bullish Engulfing).
Profit target: $0.0316 (SMA) or $0.0370 (short-term resistance).
Stop loss: Below $0.0220 to limit risk.
Entry for Sell (Short):
When the price cannot break through the resistance of $0.0316 and a bearish signal appears (e.g., Shooting Star candle, Bearish Engulfing).
Profit target: $0.0268 (Bollinger lower band) or $0.0236 (strong support).
Stop loss: Above $0.0330 to limit risk.
2. Medium-term Strategy (Position Trading)
Wait for confirmation signals of an uptrend, such as the price breaking through the resistance of $0.0370 with strong trading volume.
Profit target: $0.0578 or $0.0799 if the uptrend is confirmed.
Stop loss: Below $0.0310 to protect capital.
⚠️ Risk Warning
On May 7, 2025, Binance tagged "Monitoring Tag" for ALPHA due to high volatility, requiring users to complete a risk assessment every 90 days. This indicates a high level of risk and the possibility of delisting if standards are not met. $ALPHA