ALPINEUSDT Analysis:
The price is currently retesting the downward trendline. This is a crucial point where the price may either bounce off or fail to hold the trendline, signaling the next major move.
Bullish Scenario:
Trendline Retest and Bounce: If the price holds above the trendline and shows bullish momentum, we could see a rise towards 1.099 (125.45% potential upside).
Confirmation: Look for strong buying volume during the retest to confirm the bounce.
Bearish Scenario:
Trendline Breakdown: If the price fails to hold the trendline and breaks below it, this could trigger a downward move.
Target: Watch for the next support levels to gauge the potential downside.
The price is currently retesting the downward trendline. This is a crucial point where the price may either bounce off or fail to hold the trendline, signaling the next major move.
Bullish Scenario:
Trendline Retest and Bounce: If the price holds above the trendline and shows bullish momentum, we could see a rise towards 1.099 (125.45% potential upside).
Confirmation: Look for strong buying volume during the retest to confirm the bounce.
Bearish Scenario:
Trendline Breakdown: If the price fails to hold the trendline and breaks below it, this could trigger a downward move.
Target: Watch for the next support levels to gauge the potential downside.
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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 crypto signals, entry/exit points, and real-time market updates!
👉t.me/CryptoPrime18
👉t.me/CryptoPrime18
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.