🚀 Exciting Trading Insights on ALPINE! 🚀
Analyzing the ALPINE chart, we see key support and resistance levels forming around the 7-day MA (1.381) and the 99-day MA (1.237). The recent price action shows a strong bounce off the 25-day MA (1.276), indicating a potential bullish trend. 📈
Support: The 99-day MA at 1.237 acts as a solid support level, where buyers are likely to step in.
Resistance: The 24-hour high at 2.080 USD is a critical resistance point to watch.
Entry Strategy: Consider entering a long position if the price sustains above the 25-day MA, targeting the resistance at 2.080 USD. Use the 99-day MA as a stop-loss level to manage risk effectively.
Stay tuned for more updates and happy trading! 💹
