By the Law of Cosines:
$$r^2 = 1^2 + (r^2)^2 -2\cdot 1 \cdot r^2\cdot\cos (120^\circ -2\alpha) $$
or
\begin{equation}
r^4 + 1 = r^2 + 2\cdot r^2\cdot\cos (120^\circ -2 \alpha)
\end{equation}
Meanwhile, because $r^4 + 1 \ge 2r^2$, therefore,
\begin{align*}
&r^2 + 2\cdot r^2\cdot\cos (120^\circ - 2\alpha)\ge 2r^2\\
\implies\quad&\cos(120^\circ-2\alpha)\ge\frac{1}{2}\\
\implies \quad&60^\circ > \alpha \ge 30^\circ
\end{align*}
By the Law of Sines:
\begin{align*}
\frac{r^2}{1}&=\quad\frac{\sin(60^\circ + \alpha)}{\sin\alpha}\\
&=\quad\frac{\sin 60^\circ \cos\alpha + \cos 60^\circ \sin \alpha}{\sin\alpha}\\
&=\quad\frac{1}{2}+\frac{\sqrt{3}}{2}\cdot\cot\alpha\\
&\le\quad\frac{1}{2}+\frac{\sqrt{3}}{2}\cdot\sqrt{3}\\
&=\quad 2
\end{align*}
$$\therefore\quad r \le \sqrt{2}$$