$ALT just ripped +15% on 723M tokens of volume, and price is holding the upper end of that breakout instead of fading it.
One massive 1h impulse candle reclaimed everything above 0.0094, and the follow-up candles are printing higher lows near 0.0100, so buyers still own the structure.
EP
0.01005 - 0.01040
TP
0.01060
0.01107
0.01160
SL
0.00960
The leg up from 0.00828 was a clean build-up of higher lows before a single expansion candle ran straight through resistance with almost no overlap. The spike to 0.01107 left a long upper wick, so there are stops sitting above that high and sellers have shown up there once already. Pullbacks since the impulse have stayed shallow around 0.00998, which tells me the market is accepting these prices. Reclaiming 0.01060 puts the 0.01107 liquidity back in play, while a close under 0.00960 would send price back into the impulse body and kill the setup.
Where are you setting your target on $ALT: a push through 0.0110 or a retest of 0.0100 first? Drop your view below.
Let's go $ALT
One massive 1h impulse candle reclaimed everything above 0.0094, and the follow-up candles are printing higher lows near 0.0100, so buyers still own the structure.
EP
0.01005 - 0.01040
TP
0.01060
0.01107
0.01160
SL
0.00960
The leg up from 0.00828 was a clean build-up of higher lows before a single expansion candle ran straight through resistance with almost no overlap. The spike to 0.01107 left a long upper wick, so there are stops sitting above that high and sellers have shown up there once already. Pullbacks since the impulse have stayed shallow around 0.00998, which tells me the market is accepting these prices. Reclaiming 0.01060 puts the 0.01107 liquidity back in play, while a close under 0.00960 would send price back into the impulse body and kill the setup.
Where are you setting your target on $ALT: a push through 0.0110 or a retest of 0.0100 first? Drop your view below.
Let's go $ALT