ALPHAUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: 0.96-1.02
target: 1.3 - 1.6 - 1.8
after first target reached move ur stop to breakeven
stop: ~0.75(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Will be very APPRECIATE FOR UR DONAT/coins :)
Open to your questions or suggestions(Looking for investors!).
ALPHAUSDT
ALPHA inverted H&SAlpha Finance Lab is forming Inverted Head and Shoulders🤷 and if price breaks up I think there is chance for run to 1.1 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.9610
SL : Right Shoulder @ 0.9047
TARGET : Inverted H&S target projection @ 1.1030
RRR : 2.6
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Pay Attention to ALPHAUSDTIt is very important that we pay attention to ALPHA. Before we dive into this ALT, i will want you guys to take a look on what is happening on BTC . As we can see, there is a strong accumulation on the BTCUSDT (Technically SPeaking). And basically after an accumulation, it is always followed by moves to the UPSIDE. And we all know that, due to the BTC Dominance, anytime BTC goes up, alts tend to follow the move. That is one of the major reason why i want you guys to pay attention to ALPHA.
Technically speaking, the market is looking for a liquid Zone. We have everything that is ready. As we can see in the chart, we have 2 QMLs, 2R and some liquid Zones (Orange and the Green). The Green Zone i bet is going to be more powerfull Because, if we go to the past, it is an area of Support, so yes it has more power. As usual we are going to be reactif and predictif . Before we start launching BUYs, we need to see some signs of rejection or bullish patterns in any of the zones (you can confirm with either stch or CCI indicator). our Target is going to be The safe target.
N.B: Do not trade indicators. Always use them as a confirmation after you technical analysis. No not trade the trend, but the market structure. Make sure to use a good risk management while taking your trades