$BTC just made a sharp bearish move, dropping to around $68,660 after losing key intraday support. Price is now trading below major moving averages, signaling short-term weakness — but this zone could also attract reactive buyers.
⚠️📈 $ALT Holding Higher Low Above Support 🟢 LONG $ALT
Trade Setup: • Entry Range: $0.087 – $0.090
• Stop Loss: $0.082
• TP1: $0.098 • TP2: $0.112 • TP3: $0.135
Technical Analysis: $ALT has successfully defended a higher-low structure, maintaining bullish market structure on the lower time frame. The current pullback is shallow and holding above prior resistance turned support — a classic support flip confirmation.
Momentum remains bullish while price compresses, often a precursor to range expansion. If buyers step in here, we could see a strong continuation toward the upper liquidity pockets.
$SKR has pulled back to a clean demand zone around $0.0230, where prior support held firm during recent volatility, absorbing selling pressure effectively .
Current price stabilization at $0.0233 shows buyers stepping in, with reduced downside momentum and early signs of accumulation amid extreme fear (Fear & Greed at 6) .
Technicals indicate a potential reversal as price tests this defended base above key MAs, favoring continuation higher if the zone holds—no acceleration lower observed .
This setup invalidates on a confirmed break below $0.0215, shifting bias bearish toward deeper correction .
⚠️ Risk: Crypto moves fast. Always protect with a stop loss.
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