ALICEUSDT trade ideas
Small pleasures?🔵The blue line is the entry price (enter a little late)
🟢the green line is the target (do not forget to collect profit)
🔴The red line is the loss limit (do not forget capital management)
⚫️The black line is the probable path (it may not be)
⚠️Have capital management
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Alice TradeALICE/USDT Pair is being traded on CEX derivative exchanges such as Binance, KuCoin, BYbit etc.
Trade Entry is because: (1)There is a continuous move od the downtrend due to BTC dump following FUDs from:
Evergrande, Chinese News FUDs, amongst others,
(2) The downward move most likely will mitigate the previous support turned resistant at the 8.5- 8.5 levels before experiencing a rebound to the upside as we enter October.
(3) There was previously a wick rejection at that zone some times ago, thus forming a key level to consider for a LONG entry.
(4) Major indicators such as RSI, BOLL, EMA, MACD will signify an oversell, with a need for the BULLS to enter the market to sustain its healthy state.
Form a Double-bottom and pull back to its line and start raisingForm a Double-bottom and pull back to its line and start raising the price to the $ 12.8 area. Significant resistance of prz is felt in this area. This is the resistance of the double-bottom target and the descending channel ceiling. If the channel fails, I will retreat and try again and enter it again.
ALICE big falling wedgeALICE in big falling wedge since the start of Sep. Indicators look like it's ready for a move up, but after a drop like this, it's more or less normal to look bullish after the smallest move up... So I wouldn't look only at indicators to enter this trade. The safest long entry would be a possible breakout retest of 11.62 level, it was significant support before and now we can expect it could be big resistance. Common sense tells us that if BTC dumps continue, this long idea will be most probably invalidated... If the next small support at 9.47 is lost we could take a short trade. Stay safe and good luck
#ALICE 4H ANALYSIS#ALICE 4H ANALYSIS
Depending on the movement channel as well as the correction made, the price can be expected to rise to at least $ 37.
The upside of this uptrend is around $ 10.5.
A very important point about this loss limit is that if the loss limit is activated, we will have an approved head and shoulder pattern that can lead to a price drop to the range of $ 5.5-7.5.