ALICE is teetering on the edge of a significant drop, with momentum building against it. The next few minutes are crucial for a short entry.
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🔴 $ALICE SHORT 📉
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📍 Entry Range: $0.140459 – $0.140741
🛑 Stop Loss: $0.144818 (-3.0%)
🎯 TP1: $0.138491 (+1.5%)
🏆 TP2: $0.133570 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 78%
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This ALICE short setup is fueled by a potent combination of a market structure break, a clear order block, and a point of interest confluence where the order block overlaps with the fair value gap, all screaming for a move down. The CHoCH signal firing off is the cherry on top, indicating a strong potential for a downturn. The overall structure is looking decidedly bearish, with all signals pointing towards a drop.
With a 3.0% stop loss, which is relatively tight, it's essential to keep leverage in check, likely around 2-3x to avoid overexposure.
Consider taking partial profits at the first target to lock in some gains, as the momentum could shift quickly in these volatile conditions.
Not financial advice — always manage your own risk 🙏
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