๐ข
$ALT / $USDT | ๐ข LONG | โญ 75.7%
๐ฏ Goal: $0.00707. Does it make it?
๐ฏ Trade levels:
๐ข Entry: $0.00682
๐ Stop Loss: $0.00667
๐ TP1: $0.00707
๐ TP2: $0.00712
๐ TP3: $0.00722
๐ Analysis:
The asset
$ALT shows a bullish alignment across all timeframes with an ADX of 73.82, confirming a high-intensity uptrend. The market structure maintains a clear buy absorption above the VAH (volume profile high) of $0.0068056, while the 20, 50, and 200 EMAs uphold the bullish momentum despite local consolidation.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical confidence: 5/5
The thesis is invalidated if the price breaks through the stop loss at $0.00667, nullifying the structure of higher highs. Itโs essential to monitor the breakout volume above the immediate resistance of $0.00691 to confirm the continuation of the move.
Do you think the current volume will be enough to break through the $0.00691 resistance?
๐ก This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #ALT #trading #Futures #Bullish