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:
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.
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