#ALPHA: Will the Bulls Take Over or Is Another Shakeout Coming?Yello, Paradisers! Is #ALPHAUSDT ready for a major breakout, or will weak hands get liquidated before the real move begins? Let’s dive into the latest setup of #Stella:
💎#ALPHA is trading within a falling wedge, a classic bullish reversal pattern. This setup often signals a strong breakout once the price breaks above the descending resistance. The probability of a bullish breakout is high due to the bullish divergence on the MACD.
💎The immediate resistance is at $0.0659. A decisive break and close above this level could trigger a bullish rally toward the next target at $0.0934. But the real game-changer will be the strong resistance zone around $0.12. If ALPHA pushes through that, you can expect fireworks.
💎The bullish divergence on the MACD further strengthens the bullish outlook. This indicates potential momentum building up for a reversal. However, don't rule out a possible liquidity grab—we might see the price dip towards the $0.0368 or even the $0.0245 strong support zone to shake out weak hands before the real move happens.
💎The $0.0368 support level is crucial. A breakdown below this could lead to a retest of the $0.0245 zone. If #ALPHAUSD falls below $0.0245, the bullish setup would be invalidated, and we might see a deeper correction towards $0.01. Stay vigilant and manage your risk carefully.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
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