$ALICE / USDT

Current price around 0 point 11 to 0 point 12 USDT with weak momentum and overall sell trend in short term �

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Market trend

#Price still in downtrend on higher timeframe with heavy yearly drop showing weak structure �

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Support zone

0 point 10 strong support

0 point 08 major support if breakdown

Resistance zone

0 point 13 first resistance

0 point 15 strong resistance

Indicators

#RSI near neutral to weak shows no strong buying pressure �

Technical rating overall sell on weekly and monthly �

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Short term outlook

Market slightly sideways to bearish

Possible small bounce but overall pressure still down

Trade setup

Entry

0 point 105 to 0 point 115

Take Profit

TP1 0 point 13

TP2 0 point 145

TP3 0 point 16

Stop Loss

0 point 095

Alternative short setup

Entry

0 point 13 rejection

Take Profit

0 point 11

0 point 10

Stop Loss

0 point 145

Conclusion

ALICE still weak coin in market better for short term trades not long hold unless strong breakout above 0 point 15 occurs

ALICE
ALICEUSDT
0.1499
-6.72%