ALPHAUSDT trade ideas
ALPHA broke out parallel channel#ALPHA/USDT
$ALPHA broke out from long term descending parallel channel, and now struggle to break out from resistance zone.
it is possible to have a pullback to support zone or just upper line of channel in short term, then extend its uptrend to resistance zone around $0.7.
ALPHA/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ALPHA/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ALPHA/USDT is bullish and buy CMP and Green zone down side brake and position close
Entry:-CMP and BUY THE GREEN ZONE
Target:- 20% to 25%
Stop loss:- Green zone down side close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ALPHAUSDT is testing the Weekly supportthe price tested the key level on 0.35$ on the weekly support. As you can see from the upper chart, this support is strong.
On the lower timeframe, we can see how the price is trying to create a new Higher High.
How to approach?
If the price is going to have a breakout of the 4h Resistance (0.42$) and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
$ALPHA Hidden GEM 💎💎Patience is the key to profit.
Given the growth of TVL and the addition of functional and attractive products such as AlphaX & Alpha Homora v2 (avax), I envision a bright and wonderful future. The project roadmap says it all, please read it at blog.alphafinance.io. You notice the alpha diamond
ALPHA - EASY Breakout Trade! 🚀In our last Alpha analysis, we had our first breakout trade which played out really well, amassing almost 400% raw gain! (See chart for idea)
Once again we find ourselves at another descending correction and watching for a breakout. We have 2 structure levels which we are focusing on. If the current structure level fails to hold, watch the lower structure level.
Trade Idea:
- Watch for breakout
- Enter with stops below the recent lows
- Targets: 1.300, 1.500, 2.400, actively manage the rest.
Goodluck!
Alpha Finance Lab (ALPHA) Buy ZoneAlpha Finance Lab (ALPHA) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : Medium
The best thing about a 50% correction is a 2x profit potential from its bottom, and that’s the move we’re riding.
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$ALPHA/USDT LONG SETUP
Leverage : x2 - x5
Entry Price : 0.653 - 0.71
TP 1 : 0.745
TP 2 : 0.773
TP 3 : 0.811
TP 4 : 0.8654
TP 5 : 0.9533
TP 6 : 1.02
TP 7 : 1.09
TP 8 : 1.21+
Stop Loss : 0.54
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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