đš $ALT was struggling to move higher earlier, but then buyers started stepping in, and the chart began telling a different story.
On the 15-minute timeframe, $ALT has climbed from around $0.00818 to a high of $0.009522, with price now near $0.00950. The move is backed by a clear upward structure, and price is trading above the MA(7), MA(25), and MA(99). That tells me buyers have had the upper hand in this move.
But after a nearly 15% daily gain, this is where Iâd be careful about chasing. The $0.00952 area is the immediate resistance, while $0.00925 and $0.00900 are levels Iâd watch if price pulls back.
A clean break above the recent high could open the door to further upside, but rejection there may bring some profit-taking first.
The real test is whether buyers can keep defending higher levels instead of letting the rally fade.
Would you wait for a breakout above $0.00952, or look for a pullback before entering ALT?
On the 15-minute timeframe, $ALT has climbed from around $0.00818 to a high of $0.009522, with price now near $0.00950. The move is backed by a clear upward structure, and price is trading above the MA(7), MA(25), and MA(99). That tells me buyers have had the upper hand in this move.
But after a nearly 15% daily gain, this is where Iâd be careful about chasing. The $0.00952 area is the immediate resistance, while $0.00925 and $0.00900 are levels Iâd watch if price pulls back.
A clean break above the recent high could open the door to further upside, but rejection there may bring some profit-taking first.
The real test is whether buyers can keep defending higher levels instead of letting the rally fade.
Would you wait for a breakout above $0.00952, or look for a pullback before entering ALT?