ALPHAUSDT trade ideas
🔥 ALPHA Long Term Channel TradeAround three weeks ago I made an analysis on ALPHA and the channel it was in. At the moment, the price is right in the area which I earlier indicated as a potential long area. Take a look at the post for reference.
Since the price reversed quite sharply from the $1 area, it might be a great time to trade this channel.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
ALPHAUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – ALPHAUSDT- trading above its Daily S/R that has strong technical confluence,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci and POC S/R Support)
- Oscillators Neutral
- Daily S/R objective
ALPHAUSDT’s immediate price action is trading above its Daily S/R that is in confluence with the .618 Fibonacci and POC S/R support, this allows for a bullish bias.
The oscillators are current trading neutral, trading and remaining in their respective bullish control zones is indicative of strength.
Current Daily S/R is the objective, exceeding this level will increase the probability of a bullish continuation.
Overall, in my opinion, ALPHUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
ALPHA fly easy peasy target First we need a reversed head and shoulder so we need to form the right shoulder , we go to re test the support line and then with breaking neckline we expect sharp movement to the purple target , then if we zoom out we see the light green double bottom which easily can reach us to the light green target .
don't forget to set stop as red
and you can enter only when we are in trend line (or support ) after retest ;)))