Many Bibtex styles support control over indentation using the bibhang dimension, although I haven't found an alphanumeric style that supports it.
The code below shows how support for \bibhang can be added to vanilla Bibtex, so that it can be used with alpha.bst.
\documentclass[12pt]{article}
%% Absurd indent to show off what is happening
\newlength\bibhang
\setlength\bibhang{9em}
\bibliographystyle{alpha}
%%Redefine \bibitem to ensure bibhang is used
%%This could conflict with packages that want %%to change these parameters
\def\setbibindent{
\setlength{\itemindent}{-\bibhang}
\setlength{\itemsep}{0pt}
\setlength{\parsep}{0pt}
\setlength{\leftmargin}{\bibhang}}
\let\urbibitem=\bibitem
\def\bibitem{\setbibindent\urbibitem}
\begin{document}
Some text.
\nocite[*]
\bibliography{examplebib}
\end{document}
alphastyle, "long" keys will increase the indentation of every line of every entry. Therefore please add a minimal working example (MWE) that illustrates your problem. – lockstep Aug 24 '11 at 10:17