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$ALT is forming a reversal pattern with a Higher Low structure – an early signal indicating that buying pressure is returning and the recovery trend may be starting. Currently, the price is moving within a narrow accumulation zone, creating a solid foundation for the potential breakout in the upcoming sessions.
→ Buy Zone (: 0.01660 – 0.01750
🎯 Profit-taking target:
• T1: 0.01820
• T2: 0.01940
• T3: 0.02110
• Expand )Strong breakout(: 0.02280
⛔ Cut loss ) Stop-Loss (: below 0.01590
👉 Investors can consider opening a long position around the above support zone, as the bullish structure is gradually being completed and buying pressure begins to dominate. If ) maintains above the zone of 0.017, the likelihood of reaching the zone of 0.02+ is very high.
Technical signal:
• The "higher low" structure indicates that the downtrend is weakening.
• The trading volume shows a slight increase as the price hits the support zone.
• If a breakout occurs, the zone 0.021 – 0.0228 will be a potential area for partial profit taking.
→ Strategy: Buy around the support zone, hold according to the trend, and adjust positions when the price breaks out confirming the upward trend.