🚨 ALT is soaring! Up 11.4% in 24H, climbing to the top of Binance’s gainers list!
But here’s what’s really strange: the earlier bullish signal has already been invalidated, retail sentiment is 6.8× bullish, yet there have been only 46 mentions and 0 KOLs discussing it over the past 4 hours. Some are also warning that the RSI is at 70 and liquidity is extremely thin.
📊 What does this mean? You might be afraid of missing out, but chasing it now could mean being the last one left holding the bag at the top. Getting the direction right doesn’t guarantee a profit.
My take: cautious, and absolutely no blindly chasing the rally! ALT needs to reclaim 0.00938 and do so with strong volume before it has a chance to challenge 0.0097–0.0115. If the rally fails, don’t ignore the risk of a pullback to 0.0088–0.0090. The signal has already failed twice in 24 hours, so be especially wary of a long squeeze.
Do you think ALT is headed for 0.0097–0.0115 next, or will it pull back to 0.0088–0.0090? 👇
#breakout #thinliquidity
But here’s what’s really strange: the earlier bullish signal has already been invalidated, retail sentiment is 6.8× bullish, yet there have been only 46 mentions and 0 KOLs discussing it over the past 4 hours. Some are also warning that the RSI is at 70 and liquidity is extremely thin.
📊 What does this mean? You might be afraid of missing out, but chasing it now could mean being the last one left holding the bag at the top. Getting the direction right doesn’t guarantee a profit.
My take: cautious, and absolutely no blindly chasing the rally! ALT needs to reclaim 0.00938 and do so with strong volume before it has a chance to challenge 0.0097–0.0115. If the rally fails, don’t ignore the risk of a pullback to 0.0088–0.0090. The signal has already failed twice in 24 hours, so be especially wary of a long squeeze.
Do you think ALT is headed for 0.0097–0.0115 next, or will it pull back to 0.0088–0.0090? 👇
#breakout #thinliquidity