ALPHAUSDT.P

How are you on this beautiful Friday?

I’m watching the ALPHAUSDT pair on the daily chart, and it seems bearish. Here’s why:

First, there’s an inverse hammer candle that was stopped at the black line resistance.
Second, the price has fallen back below the 200MA after a failed crossover.

One thing I don’t like is the volume from October 22. However, when switching to the 4H candles, I can see that most of the volume was on the downside, which reinforces my bearish bias.

Thanks for reading!