$ALPINE might be trying to squeeze higher while the bigger market is still looking for reasons to fall.
That's why I'm treating this 1H bullish setup with caution. Daily, weekly and BTC remain bearish, so one green move doesn't convince me that the trend has changed.
My ideal scenario is a dip into 0.3294–0.3148, a liquidity sweep and a bullish reclaim on the 5m/15m. If buyers defend the zone, I'll be watching 0.3724, 0.3902 and 0.3970, with 0.4326 as the extended target.
The first upside tests are 0.3902 and 0.3970. A clean continuation could open the door to 0.4326.
A 1H close below 0.2670 invalidates my bullish outlook.
I'm interested in the bounce, not blindly betting on a reversal. Educational purposes only.
That's why I'm treating this 1H bullish setup with caution. Daily, weekly and BTC remain bearish, so one green move doesn't convince me that the trend has changed.
My ideal scenario is a dip into 0.3294–0.3148, a liquidity sweep and a bullish reclaim on the 5m/15m. If buyers defend the zone, I'll be watching 0.3724, 0.3902 and 0.3970, with 0.4326 as the extended target.
The first upside tests are 0.3902 and 0.3970. A clean continuation could open the door to 0.4326.
A 1H close below 0.2670 invalidates my bullish outlook.
I'm interested in the bounce, not blindly betting on a reversal. Educational purposes only.
