Technical 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.
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.
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إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.