🚨$ALPHA /USDT Trading Strategy🚨
1. Chart Analysis Summary 🧩:
ALPHA is currently consolidating above the support zone.
It has found substantial support in this area, indicating potential for upward movement.
The expectation is for ALPHA to challenge the previous swing high.
2. Key Levels to Watch 👀:
Breakout Level: $0.1265
Entry Point: $0.126
Target: $0.187
Stop Loss (SL): $0.087
3. Trading Strategy 💼:
Spot Trading:
Allocate 10% of your wallet size for spot trading.
Wait for a breakout above the $0.1265 level to enter a long position.
Futures Trading:
Use 5% of your wallet size for futures trading.
Again, wait for the breakout above $0.1265 for a long entry.
4. Execution Plan 📈:
Spot Entry:
Buy $ALPHA at $0.126 once the price breaks $0.1265.
Futures Entry:
Enter a long futures position at $0.126 after the breakout.
5. Target and Risk Management 🎯:
Target: Set your target at $0.187.
Stop Loss: Place your stop loss at $0.087 to manage risk effectively.
6. Monitoring and Adjustments 🔄:
Regularly monitor the price action.
Adjust your stop loss to protect profits if the price moves favorably.
Be ready to exit if the price action indicates a reversal or failure to maintain support.
7. Review and Learn 📚:
After the trade concludes, review the results.
Analyze what worked and what didn’t to improve future trading strategies.
Good luck with your trading! 🚀📊
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