Technical analysis by behdark about Symbol ALT on 2/19/2025

behdark

ALT appears to be in a large-degree bearish wave C. If it reaches the red zone, we can look for a sell/short position targeting lower levels.The minimum time required for wave C to complete is marked by the vertical line on the chart. Keep in mind that this is the minimum duration—if the wave extends, it may take longer.A daily candle closing above the invalidation level will invalidate this analysis.For risk management, please don't forget stop loss and capital managementComment if you have any questionsThank YouIt was analyzed from the price of 0.04518 and has dropped over 51% so far in wave C, reacting to the marked green zone.Since wave C has not yet completed in terms of time, the correction is expected to continue after a temporary pump.