$ALCH is currently consolidating at a high level below a key resistance zone after a 15% increase in volume. Price action indicates healthy profit-taking rather than a top sell-off, with buying pressure consistently absorbing sell orders on lower time frames.
🎯 Direction: Long
🎯 Entry: 0.0950 - 0.0975
🛑 Stop Loss: 0.0890 (rigid stop loss, breaking this level invalidates the structure)
🚀 Target 1: 0.1080
🚀 Target 2: 0.1180
Logic: Price is consolidating strongly above the previous high area after the breakout. Increased volume accompanying the price rise suggests institutional entry rather than mere short squeezes. The current pullback is shallow and short in duration, with no destructive candlesticks appearing, indicating limited selling pressure. Market psychology is in a brief hesitation period after "breakout confirmation," which is a point of probabilistic advantage for entry. Stick to the stop loss to let the risk-reward ratio work.
Trade here 👇$ALCH
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