Now is a good time for ALPINE.
First, let's analyze the trends:
1. K-Line Pattern
The price has risen from around 1.24 to a peak of 2.26, nearly doubling in a short time.
After the rise, there have been several consecutive bearish candles, and it is currently oscillating below 2.0, which is a correction after a rapid increase.
The daily line is closing near the middle band (Bollinger middle band around 1.93), and if it breaks below, it could easily continue to weaken.
2. Bollinger Bands (BOLL)
The Bollinger Bands have clearly widened, indicating increased volatility.
Currently, the K-Line has dropped from the upper band and is testing the support of the middle band; if the middle band is lost, there is a risk of retracing to the lower band (around 1.39).
3. MACD
The DIF has already turned downward, and the MACD histogram has noticeably shortened, indicating a significant reduction in momentum.
If the green bars continue to expand, it means the bearish forces are taking over, and the correction may deepen.
4. Comprehensive View
The primary upward wave has ended, and we are entering a correction phase.
2.0 is a key psychological level; if it cannot stabilize, the short-term support looks at the 1.75—1.80 range, and deeper, it is around the Bollinger lower band at 1.4.
Technically speaking, it is now a high-level pullback, and the risk-reward ratio for shorting is higher than for chasing long positions, but attention must be paid to position control.
Additionally, the current market trend is also downward, which presents an opportunity; if managed well, it could be a turnaround!
