๐จ $ALT /FDUSD โ Oversold Bounce Incoming or Bear Trap? โ ๏ธ
$ALT is trying to hold ground after a steep pullback. Currently priced at $0.03179 with a +5.76% recoveryโbut RSI is deep in oversold territory. Letโs break down whatโs next ๐
๐ Market Overview
๐ Current Price: $0.03179
๐ 24h High: $0.03349
โ๏ธ 24h Low: $0.02986
๐ MA Levels:
โโข MA(7): $0.03229
โโข MA(25): $0.03194
โโข MA(99): $0.03332
๐ RSI (6): 27.38 (Oversold โ potential bounce zone)
๐ Volume:
โโข 24h Vol (FDUSD): 123,374.93
โโข Vol: 18,613
โโข MA(5): 82,516
โโข MA(10): 112,770
๐ ALT Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ALT Holds Above $0.0305):
โข Entry: $0.0323โ0.0325
โข Targets: $0.0348, $0.0366, $0.0384
โข Stop-Loss: $0.0294
๐น Bearish Scenario (If Price Rejects Below MA(25)):
โข Entry: Below $0.0305
โข Targets: $0.0294, $0.0280
โข Stop-Loss: $0.0323
๐ Should You Hold or Sell?
โ RSI is flashing oversold, which often leads to relief bounces
โ ๏ธ Price stuck between MA(7) & MA(99)โtrend remains uncertain
โ ๏ธ Need strong push above $0.03229 (MA7) to confirm a bullish flip
๐ก Pro Tip:
๐ Consider scalping into strength above $0.0323, but stay nimbleโvolume is drying up
๐จ Watch $0.0300 as a line in the sandโfailure there opens risk of fresh lows
๐ข Whatโs your take on $ALTโshort squeeze or further dump ahead?
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