Hello Traders!
The upward movement of ALPHA was corrected.
At the moment, the price stands near the upper boundary of the consolidation range - the level of $1.10. MA100 is supporting on the daily timeframe.
It is possible to join purchases in the range of $0.95 - $1.05
Stop loss is better to be placed near the price level of $0.65.
The medium-term purchase targets are the levels of $1.89 and $2.24.
The ratio of risk/reward in the transaction = 4!
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The upward movement of ALPHA was corrected.
At the moment, the price stands near the upper boundary of the consolidation range - the level of $1.10. MA100 is supporting on the daily timeframe.
It is possible to join purchases in the range of $0.95 - $1.05
Stop loss is better to be placed near the price level of $0.65.
The medium-term purchase targets are the levels of $1.89 and $2.24.
The ratio of risk/reward in the transaction = 4!
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice