🔥 ALPHA Channel Reversal Trade

If zoom the chart further out, you can see that ALPHA is currently trading inside a massive channel. At the moment, I've got a long-term ALPHA trade running which trades that exact massive channel, see below:

🔥 ALPHA Long Term Channel Trade


This trade is of a more short-term nature. The trade I'm currently presenting is solely based on the idea of a quick reversal of the price once it hits the lower support of the channel. Wait for the price to hit the Entry line before entering a trade.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!
alphaBitcoin (Cryptocurrency)BTCChart PatternscryptoTechnical IndicatorsParallel ChannelTrend Analysisusdt

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