Updated

ALT looks bearish for mid-term (1D)

ALT appears to be in a large-degree bearish wave C. If it reaches the red zone, we can look for a sell/short position targeting lower levels.

The minimum time required for wave C to complete is marked by the vertical line on the chart. Keep in mind that this is the minimum duration—if the wave extends, it may take longer.

A daily candle closing above the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
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Trade closed: target reached

It was analyzed from the price of 0.04518 and has dropped over 51% so far in wave C, reacting to the marked green zone.

Since wave C has not yet completed in terms of time, the correction is expected to continue after a temporary pump.

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