The moment has arrived. The bears who have been suppressing $ALT for months are now in a state of panic.
Breaking a key resistance trendline is not just a technical formality. It is a trigger. The price is holding above the level, which means the buyers have taken control. All those short stop losses placed above the line are being triggered, pushing the price higher.
The target of 0.6385143 is looming ahead. And the momentum looks strong enough to get there.
My decision and conclusion: This is a momentum trade. I will not sit around waiting for a perfect pullback if I see strong continuation. But I will not be greedy either. I am taking partial profits on the way to the target. Remember: a breakout is just the beginning. The real battle is holding the ground. If the price establishes itself above the line, we are going much higher
Breaking a key resistance trendline is not just a technical formality. It is a trigger. The price is holding above the level, which means the buyers have taken control. All those short stop losses placed above the line are being triggered, pushing the price higher.
The target of 0.6385143 is looming ahead. And the momentum looks strong enough to get there.
My decision and conclusion: This is a momentum trade. I will not sit around waiting for a perfect pullback if I see strong continuation. But I will not be greedy either. I am taking partial profits on the way to the target. Remember: a breakout is just the beginning. The real battle is holding the ground. If the price establishes itself above the line, we are going much higher