ALPHAUSDT is going to retest the supply zone
ALPHA / TetherUS BINANCE:ALPHAUSDT
The price is creating a descending channel on the 4h timeframe and now the market is starting with a bear flag .
the market has a supply zone of 0.3$ where you can find the monthly resistance as well.
How to approach?
The price is going to reach the supply zone , after that, if the market is going to satisfy our rules we can look for a new short position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
