The currency is in a state of "Overextended". Entering now at a price of 0.625 is considered a gamble because the price is below the 7-day average.
Technical Recommendation:
In the case of buying: It is preferable to wait for a return and test the support areas at 0.608 - 0.610 and ensure a rebound from them.
In the case of selling: If you own the currency, it is advisable to secure profits or set a trailing stop loss at 0.600.
Positive Indicator: The long/short ratio indicated below leans towards buyers at a rate of 70.52%, which means there is significant optimism in the market, but caution is required against a sudden correction to liquidate futures contracts.
ALPINEUSDT
Perp
0.5913
-3.36%
This is not investment advice; do your own research.