ALPHA/USDT – Falling Wedge Breakout | Bullish Reversal in Play
$BINANCE:ALPHAUSDT has been trading within a classic falling wedge, a bullish reversal pattern, for several months. The wedge has been clearly defined by a series of lower highs and lower lows, gradually tightening into a breakout point.
The wedge’s measured move projects a potential 139% upside, aligning with key horizontal resistance levels and previous supply zones. A sustained rally could target the 0.05–0.067 zone in the medium term.
Key Levels to watch
Entry: ~0.02885 - 0.02650 (post-retest confirmation)
Target 1: 0.03801
Target 2: 0.05225
Final Target: 0.06731
Stop Loss: ~0.02254 (below wedge and key demand zone)
Consider trailing stops as price approaches key resistances.
Keep an eye on broader market sentiment — BTC/ETH retracements may affect follow-through.
The wedge’s measured move projects a potential 139% upside, aligning with key horizontal resistance levels and previous supply zones. A sustained rally could target the 0.05–0.067 zone in the medium term.
Key Levels to watch
Entry: ~0.02885 - 0.02650 (post-retest confirmation)
Target 1: 0.03801
Target 2: 0.05225
Final Target: 0.06731
Stop Loss: ~0.02254 (below wedge and key demand zone)
Consider trailing stops as price approaches key resistances.
Keep an eye on broader market sentiment — BTC/ETH retracements may affect follow-through.
Trade ativo
Nota
$BINANCE:ALPHAUSDT Target 1 hit. +30% profited when price reached 0.03801 Trade fechado manualmente
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.