Once again, another day watching
$ALICE linger in the support zone like it’s pretending to be nothing. Anyone holding this GameFi coin must be clenching their teeth, enduring those dizzying shakes, right?
The market is mildly green, but when you look at the chart of
$ALICE , you can clearly see a loss of momentum. Don’t let the +4.758% gain blind you—this is only a weak technical rebound within an unclear trend.
Here’s my take on the current technical situation:
🔹 15-minute chart: Price is trading below both the MA(20) at 0.1267 and the EMA(9) at 0.1257. This suggests the selling side is still controlling the game in the short term.
🔹 1-hour chart: MA(20) at 0.1296 is acting as a hard resistance. As long as it hasn’t broken through the 0.1300 zone with big volume, the scenario of a strong PUMP is just wishful thinking.
My view:
$ALICE is accumulating within a tight range. If it breaks below 0.1200, there’s a high chance it will dump back to the old bottom. On the other hand, if it holds firmly, a retest of the 0.1300 resistance is totally possible.
My personal setup for this trade:
📌 Position: SHORT in the 0.1270 - 0.1280 area.
📌 Take Profit (TP): 0.1210 - 0.1180.
📌 Stop Loss (SL): 0.1315 (If it breaks above the MA(20) resistance on the 1-hour chart, you should exit immediately).
Why am I choosing SHORT? Simply because the EMA(9) and MA(20) trend on both timeframes are showing that selling pressure still dominates more than a sustainable upward move. I don’t like catching a falling knife while GameFi capital is still rather cold and indifferent.
What do you think? Is
$ALICE accumulating for a counterattack rally, or is it just a pause before heading back to the basement?
#Crypto #Trading #GameFi
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).