ALPHAUSDT trade ideas
🔥 ALPHA Channel Reversal TradeIf zoom the chart further out, you can see that ALPHA is currently trading inside a massive channel. At the moment, I've got a long-term ALPHA trade running which trades that exact massive channel, see below:
This trade is of a more short-term nature. The trade I'm currently presenting is solely based on the idea of a quick reversal of the price once it hits the lower support of the channel. Wait for the price to hit the Entry line before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
ALPHA Long term channel playALPHA Long term channel play
BUY: 0.965 – 1.34
TARGETS:
1) 1.8415
2) 2.9432
STOP: 0.788 (triggered when a 1D candle closes below)
Rationale:
-Channel has been forming for over 100 days
-Price has just tested bottom of the channel and was quickly bought up, resulting in a wick
-The dip to the bottom of the channel lines up with a support zone
Your risk, your reward. This is not financial advice.
Happy trading.
ALPHAUSDT 4H Long setup; Pullback entry after broken resistanceTA Explained
ALPHA made a big impulsive move after which it retraced, found support but eventually dropped below it to find support lower. The decending trendline is broken and a higher high is created. Next up a higher low. After which it can continue upwards.
Trade setup
Best entries: 1.43653 - 1.66489
TP1: 2.17054
TP2: 2.79580
TP3: 3.45912
SL: 1.16355
RR: 4.85
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ALPHAUSDT bull run continue!ALPHAUSDT (4H CHART) Technical Analysis Update
ALPHA/USDT currently trading at $0.430
Buy-level: $1.70 - $1.85
Stop loss: below $1.38
Target 1: $2.40
Target 2: $2.90
ALWAYS KEEP STOP LOSS...
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ALPHAUSDT is ready for the daily breakout 🦐ALPHAUSDT is ready for the daily breakout, after the price had a breakout from descending channel IF the price will flip the current daily resistance into new daily support, According to Plancton's strategy (check our Academy), we can set a nice order
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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 -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ALPHAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has broken out of its channel, made its pull-back, and now is going up. If Bitcoin stays stable and we do not see any sharp changes in its price, we expect the price to continue its uptrend.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!