Altlayer (ALT) 80% Bullflag extension

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On the above chart price action has corrected 30% since late September. A number of reasons now favour a long position, including:

1) Price action and RSI resistance breakouts.

2) Trend reversal. Higher highs higher lows.

3) Support on past resistance. (yellow arrows).

4) The bull flag confirmation forecasts an 80% impulsive move.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: high
Timeframe to long: this week
Return: 80%

١٤ أكتوبر ٢٠٢٤

تم فتح الصفقة

Past resistance confirms support.

٢١ أكتوبر ٢٠٢٤

ملاحظة

Time for action.. will emotion allow?