WAS ON A SHORT POSITION MISS ENTRY 1MY TP HIT BUT I WAS NOT ABLE TO PLACE MY ORDERS
I MISS MY 1ST ENTRY
IT'S NOW ALREADY TO MY EXTRA ENTRY 2
IT'S TOO RISKY TO JUMP
VERY SAD
ALPHAUSDT trade ideas
🔥 ALPHA Horizontal Channel Break OutFor almost three months now, ALPHA has been trading inside this horizontal channel. This morning, ALPHA started seeing a strong influx of bullish sentiment, making the price shoot up.
Large bars, accompanied by large volume are currently pushing ALPHA out of the channel. Wait for the bar to close above the channel before entering a trade. DYOR.
Happy trading!
ALPHAUSDT --> Nearing breakout - Potential +16%Alpha went on a massive 60% tear last month, retraced 20% (.382 fib) and now looks like it wants to get bullish again. Price is being squeezed into a corner where it needs to go either up a lot, or down a lot.
Most alt movements are decided by what BTC does, so BTC generally has the last say in what ALPHA will do.
Has to be said that this is a descending triangle = bearish. The fact we are in a bull market makes it more neutral. But generally these want to break downwards.
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ENTRY
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BUY: 4H break and close
TARGET: 2.25
STOP: Break and close below current support
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Fundamentals
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Rank #130
Market Cap = $546,235,083
DEFI
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An update on AlphaI have gone more thorough details on price movements the scenario is pretty much obvious and the possible reversal price areas are plotted as well
Yet trading on this currency is not recommended if you have bought it hold it and manage your risk
Good luck
ALPHA TRIAGLEAlpha has formed a triangle pattern (ABCD). i think this triangle will be broken out to the upside.but in order to buy . i will wait for break out.
target: around 2.7(marked in blue).
stop loss: under 1.78 support level (marked in red).
ALPHAUSDT wants the breakout! 🦐The price bounced on the previous resistance as new support after a very nice breakout from the big triangle. IF the price will have the breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ALPHA - Consolidation (As you asked)What you're seeing here is a consolidation after breakout.
The price broke out but now it's building up a volume of Supply & Demand to confirm the breakout.
The more volume on supply, the more correction to lower prices.
But right now the Demand volume is higher so I'm predicting a retest at the resistance area soon.
Watch the prices for now and don't open any positions, but if you're looking into opening long positions, then wait until a 4H candle closure above the resistance area.
Target and Support areas are shown on chart.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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