Technical analysis by Daffapouuse about Symbol ALT on 7/30/2025

🔄 Strategi Potensial: 📉 Jika kamu ingin short: Entry: $0.042–0.045 (jika ada retest supply zone) Stop Loss: $0.047+ Target: $0.031 (mid-range) atau $0.026 (zona demand) 📈 Jika kamu ingin long: Tunggu harga mendekati zona demand $0.023–$0.026 Cari reaksi candle bullish + volume Stop Loss: Di bawah $0.022 Target: $0.035 (mid-range) atau $0.042 (resistance) ⚠️ Catatan Penting: Struktur masih dalam fase distribusi/akumulasi, bukan tren naik. Belum ada breakout valid dengan volume besar. Cocok untuk scalping atau swing pendek, bukan untuk high conviction investing. Kalau kamu mau, gue bisa bantu tambahin indikator lain seperti RSI/EMA/Volume, atau bikin skenario trading-nya pakai tabel. Mau? You said: traslate to english ChatGPT said: Sure! Here's the English translation of the analysis: 🔍 Overview: Main Trend: Still in a major downtrend since January (as seen from the sharp decline on the left side of the chart). Currently, the price is moving sideways within an accumulation range, between: Support (Demand Zone): $0.0230 – $0.0265 Resistance (Supply Zone): $0.0425 – $0.0460 📊 Detailed Analysis: 1. Range Trading (Sideways) The price has been stuck in a consolidation range for the past 3 months: Every time the price hits the supply zone ($0.0425–0.046), it gets strongly rejected. Likewise, when it approaches the demand zone ($0.023–0.0265), it tends to bounce up. 2. False Breakout (Liquidity Trap) There are multiple long upper wicks (candlestick spikes) that pierce the supply zone but then drop sharply again → this suggests: Potential liquidity hunt (triggering short sellers' stop-losses). No significant buying interest to sustain a breakout. 3. Current Situation Price is now at $0.035, failed to break the supply zone and faced a strong rejection. Big red daily candle (bearish engulfing) → may indicate the start of a short-term distribution phase. Potential downside toward mid-range or even a retest of the demand zone. 🔄 Potential Strategies: 📉 If you want to short: Entry: $0.042–0.045 (if there's a retest of the supply zone) Stop Loss: Above $0.047 Target: $0.031 (mid-range) or $0.026 (demand zone) 📈 If you want to long: Wait for the price to approach the demand zone $0.023–$0.026 Look for bullish candlestick reaction + volume confirmation Stop Loss: Below $0.022 Target: $0.035 (mid-range) or $0.042 (resistance) ⚠️ Important Notes: Market structure is still in a distribution/accumulation phase, not in a clear uptrend. No valid breakout yet with strong volume. Suitable for short-term scalping or swing trades, not ideal for high conviction investing.