The Short Setup:
$ALPINE 🔴 Entry Zone: 0.402 – 0.404
🛡️ Stop Loss: 0.416
Take Profit Targets:
🎯 TP1: 0.393 | 🎯 TP2: 0.383 | 🎯 TP3: 0.365
Analysis:
$ALPINE is currently showing extreme relative weakness, failing to keep pace with the broader 3% market rally. We are seeing a bearish RSI rejection at the 50 level on the 4H chart, and the turnover ratio has dropped to 0.485, indicating a shallow order book. A break below the $0.390 support will likely lead to a retest of the yearly lows as the race-week excitement dissipates.
#ALPINE #AlpineSetup