$ALT 3-Day Chart Update: Critical Decision Zone Ahead
$ALT remains trapped in a broader bearish structure, and the path of least resistance continues to point lower unless bulls can stage a strong reversal from the key support area below 0.00564.
For traders looking to catch a potential bottom, the ideal scenario would be a liquidity sweep beneath 0.00558 or even a deeper flush toward 0.00467, followed by a clear bullish confirmation signal such as a pin bar, bullish engulfing candle, or strong lower-timeframe reversal.
Bullish Reversal Setup:
• Potential accumulation zone: 0.00560 – 0.00470
• Upside targets: 0.00613 → 0.00666 → 0.00815 → 0.00924
• Stop-loss: Below the confirmed swing low
Bearish Continuation Setup:
If price rebounds weakly and faces rejection around 0.00613 or 0.00666, accompanied by bearish confirmation, the downtrend could resume with a move back toward recent lows.
Trend Shift Trigger:
A decisive breakout and sustained hold above 0.00815 would be the first major sign that momentum is changing. In that case, higher targets come into focus at 0.00924, 0.00993, 0.01099, and beyond.
For now, patience remains key. Let the market reveal its hand before committing to a position.
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