$ALPINE โ The Championโs Comeback
#BinanceSquare #WriteAndEarn #smartmoney #DoubleBottom #ALPINE
๐๏ธ๐ $ALPINE โ Slipping Out of the Fast Lane?
Current Price: $1.336
Trend: Bearish bias with weakening momentum
๐ Technical Indicators
- EMA 20/50/100:** All sloping downward โ confirms short-to-midterm bearish trend
- RSI (14):** 42 โ below neutral, showing lack of bullish strength
- MACD:** Bearish crossover confirmed, histogram deepening
- Volume:** Declining โ low interest from bulls
- Fibonacci Levels (from recent swing high $1.52 to low $1.28):
- 0.382 โ $1.37 (resistance)
- 0.618 โ $1.43 (strong resistance)
- Support Zones:
- $1.28 โ key demand zone
- $1.20 โ psychological support
- Resistance Zones:
- $1.37 โ short-term rejection
- $1.43 โ major breakout level
๐ฏ Trade Setup
- Bias: Bearish unless price reclaims $1.37 with volume
- Entry (short): $1.34โ$1.36
- Stop-loss:$1.39
- TP1: $1.28
- TP2: $1.20
โIs $AL$ALPINE t cooling its engines or heading for a pit stop? RSI says fatigue, MACD says caution. Will bulls refuel or will bears take the wheel?โ