$ALT #ALTUSDT sharp decline
resistance levels:
1) immediate: 0.02794 (middle bollinger band)
2) strong: 0.02962 (upper bollinger band)
3) major: 0.03008 (24h high)
support zone: 0.02626 - 0.02645 (lower bollinger band & 24h low)
technical indicators:
- rsi(6): 30.03 (deeply oversold but no divergence)
- macd: neutral (0.00002) - momentum flattening
- price below all key moving averages
- high selling volume (226M 24h volume)
chart patterns:
consistent lower highs and lower lows
rejected at middle bollinger band multiple times
approaching yearly lows
trading considerations:
1) potential dead cat bounce at 0.02626 support
2) any rally likely to face strong resistance at 0.02794
3) break below 0.02626 could target 0.02500 psychological level
risk management:
- avoid premature long entries
- wait for confirmed reversal signals
- extremely tight stop-losses required
potential reversal signals to watch for:
- bullish rsi divergence
- macd crossover above signal line
- volume spike on support tests
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