ALICEUSDT wants the liquidity before up?ALICEUSDT appears to be trading within an ascending channel. This pattern is characterized by a series of higher highs and higher lows, forming two parallel trendlines.
According to Plancton's trading principles, a potential short trade could be considered if the following conditions are met:
Loss of Support: The first condition involves a clear and decisive break below the lower boundary of the ascending channel, which you've indicated as the support level around the $0.76 area. This breakdown would signify a potential shift in market sentiment from bullish to bearish.
Confirmation of Breakdown: After the price loses the support level, it's essential to see confirmation of the breakdown. This confirmation can help ensure that the price is indeed heading lower and not experiencing a temporary dip.
Short Trade: If the price convincingly breaches the $0.76 support and demonstrates a sustained downward momentum, traders following Plancton's strategy may consider opening a new short position, expecting the price to decline further.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ALICEUSDT trade ideas
ALICEUSDT Stellar Potential: Doubling Up on Gains Ahead?💎 #ALICEUSDT hasn't showcased much price action in recent months. After $ALICE found support at the base of the descending channel, specifically at the psychological level of $0.8, it attempted to change its trajectory. However, a brief rally was halted right at the supply zone.
💎 Following this, a consolidation phase ensued, characterized by a slow descent within a wedge pattern. Intriguingly, this downward movement was halted at the 78.6% Fibonacci support, a level that remained unbroken for the past 17 days. In fact, after bouncing off this Fibonacci level, #ALICE managed to break above its downtrend trendline just yesterday. This move is interpreted by many as the inaugural signal of an impending uptrend.
💎 If we consider the bullish scenario, the uptrend could be quite robust. This is inferred from the Fibonacci resistance levels plotted on the chart. The initial resistance is pegged at the 50% Fibonacci retracement level, coinciding with the VolumeProfile at $1.5. The subsequent level is the double Fibonacci resistance at $1.68. The final target is the supply zone, aligning with the 78.6% Fibonacci level at $1.91.
💎 If this final target is achieved, #ALICEUSDT would yield a gain exceeding 100%, precisely 109%. This suggests that the potential uptrend might not be fleeting but could signal a medium to long-term rally.
💎 Having outlined this, it's essential to remain vigilant and prepared for any outcome. Hence, an alternative scenario, where the downtrend persists, is also considered. For this bearish scenario to materialize, #ALICE would need to register another lower low, thereby invalidating our bullish perspective. However, venturing below the $0.8 support level would release a significant amount of buying liquidity.
💎 All in all, #ALICE is a token worth monitoring closely at this juncture, and the MCP team is diligently observing its price action. Paradisers, stay tuned for more insights!
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🔥 ALICEUSDT is gearing up for an explosive move! 🚀📈 The price action pattern is on the verge of a triumphant triangle breakout, presenting a thrilling bullish trade opportunity. 💪🌟
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📚 Let's dive into the art of price action learning as we follow the dynamics of this exciting breakout. Gain valuable insights and chart your course for potential profits. 💼💡📚
⏳ Time your moves with precision and ensure your risk-to-reward ratio is at a favorable 1:4. 🎯💰 This setup opens doors to substantial gains for those who seize the moment.
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ALICEUSDT Short Term AnalysisTechnical Analysis:
ALICEUSDT has been following a bearish trend, characterized by lower highs and lower lows since mid-March 2023. However, recent price action has resulted in a period of consolidation, forming a well-defined trend line support level ranging between $0.810 and $0.900. This consolidation indicates a potential opportunity for a breakout if the price manages to surpass the upper boundary of this range.
Trade Setup:
Entry: It is advisable to enter a long position once the price successfully breaks above the consolidation range, preferably surpassing $0.900.
Target: Our target for this trade setup is set at $1.351, offering a significant potential upside from the breakout level.
Stop Loss: To effectively manage risk, it is recommended to set a stop loss at $0.810, positioned below the lower boundary of the consolidation range.
First Butterfly Then Break-RetestMEXC:ALICEUSDT.P
Butterfly level looks worth to try for short position also supported by previous resistance level and decreasing trend momentum.
When easy target TP1 reached, If the coin keep being under selling pressure we can plan to next step by using break-out strategy.
Never miss out to take profit when TP1 level reached and stop loss level of residual position must be arrenged to break-even point.
Good Luck Everyone.
Alice to short squeeze to 1.05After a heavy sell off the bulls were able to hold the line - this will force the bears to close their shorts and Alice should squeeze to 1.05 in the coming day or two.
Given that this instrument is very volatile, I'm only using 5x leverage with a modest bet size.
There's no stop loss.
ALICE - No more referenceAll support levels have been broken, and there are no past reference levels to use as support.
There is also no RSI divergence on the daily timeframe... so I´ll consider any pullbacks to the upside as shorting opportunities.
Key resistance levels lie at 1.00 and 1.33 (gray zones).
#ALICE/USD Buy Trade Scenario.Hello, Traders, I hope you are well and safe. Today am Discuss #ALICE/USD For a Long.
Here is a Full Analysis of #ADA/USD When the price Touch the Support Zone then a Nice opportunity for a Long.
If you have any queries then leave a comment.
Thank you Traders For your Support Like and Follow
ALICE S&R in chart pattern's>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
still is soon to start next rally but it's interesting for determind.
Must important levels in short term marked on the chart.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>>>
ALICE - Not favorable for bulls
I am reviewing the previous count, since price action is not in bulls´ favor.
The first green resistance knocked price down, and we´ve also broken and retested the blue trendline.
Short term, I expect at least another thest of 1.443 low, and I´m only bullish above 1.80.