ALPHAUSDT breakdown alert
ALPHAUSDT has broken down from a descending triangle pattern, which is typically a bearish continuation setup. The price failed to hold above the lower support trendline, indicating increased selling pressure and a possible continuation of the downtrend.
If the breakdown sustains with strong volume, we may see further downside movement. However, if the price quickly reclaims the broken support level, the move could turn out to be a fakeout.
Key levels to watch:
* Previous support now acting as resistance
* Breakdown confirmation zone
* Volume strength for validation
Keep an eye on ALPHA — confirmation of this breakdown could lead to lower targets ahead.
ALPHAUSDT has broken down from a descending triangle pattern, which is typically a bearish continuation setup. The price failed to hold above the lower support trendline, indicating increased selling pressure and a possible continuation of the downtrend.
If the breakdown sustains with strong volume, we may see further downside movement. However, if the price quickly reclaims the broken support level, the move could turn out to be a fakeout.
Key levels to watch:
* Previous support now acting as resistance
* Breakdown confirmation zone
* Volume strength for validation
Keep an eye on ALPHA — confirmation of this breakdown could lead to lower targets ahead.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
👉 t.me/cryptobyghazii
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.