$ALPACA BREAKS 4H SUPPORT: A CHANCE TO SHORT THE DOWNTREND! 🚨📉
Bears are firmly in control of the $ALPACA chart! The 4H candlestick structure has been consistently forming lower highs and lower lows, and has officially broken through key support levels, creating a trend-following short setup for swing traders:
$ALPACA Trading Plan (4H):
Entry zone: 0.2244 – 0.35782
Stop loss (SL): 1.27
Take profit (TP): Lower support levels, based on your personal risk-reward ratio
👉 Discipline reminder: Trading with a downtrend always requires a high degree of focus. Be sure to split your position into smaller orders, set strict stop losses, and never use your full margin, or you could get caught in an opposing wick sweep!
For informational purposes only; not investment advice. Alan. — MoneyTeam
Have you entered a $ALPACA short position, or are you still waiting for a retest of the resistance zone above? Leave a comment below! 👇
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