ALICEUSDT possible entries
Great coin, hoping for the game to be fun in 2022.
In terms of TA, this coin tends to have good volume, break outs tend to be good but now we are seeing bleeding from new local high's. I would look to enter along the 4 HR demand zone near 16.5-16.3 area and play with a stop loss below the wick in that area. We could see a very strong recovery from there and with recent news about the coin, I think it could perform very well.
I am concerned about Bitcoin and Ethereum's current state, although ETH performance seems to be spearheading alt coin upwards momentum. Bitcoin has been showing some weakness, or it could be a short term consolidation for a bigger move up.
In terms of TA, this coin tends to have good volume, break outs tend to be good but now we are seeing bleeding from new local high's. I would look to enter along the 4 HR demand zone near 16.5-16.3 area and play with a stop loss below the wick in that area. We could see a very strong recovery from there and with recent news about the coin, I think it could perform very well.
I am concerned about Bitcoin and Ethereum's current state, although ETH performance seems to be spearheading alt coin upwards momentum. Bitcoin has been showing some weakness, or it could be a short term consolidation for a bigger move up.