ALONUSDT Technical Analysis (4H Chart)The price is currently in a descending triangle pattern, consolidating near the lower range. A strong breakout above the trendline could signal a bullish move with minimal risk.
📌 Entry Strategy:
Enter after a confirmed breakout above the descending trendline with volume.
Keep a tight stop-loss below the breakout candle to minimize risk.
First target: The previous resistance level (around 0.025 USDT).
💡 Risk-Reward Ratio: Favorable setup, as risk is limited while the potential reward extends to the upper channel resistance.
📊 Wait for confirmation before entering. If price closes above resistance with strong bullish momentum, it could lead to a high-probability trade. 🚀
