$ALCH - Long
Trading Plan:
Entry Point: 0.084305 – 0.087216
Stop Loss: 0.077027
Take Profit 1: 0.094493
Take Profit 2: 0.097404
Take Profit 3: 0.103226
Why choose this pattern?
The daily trend is bearish, but the 4-hour chart shows a long signal. The 15-minute RSI indicator is 54.96, indicating there is still room for upward movement before overbought conditions. Key entry area: 0.0843 - 0.0872. Why choose to enter now? This pattern suggests a potential reversal, countering the larger downtrend.
Discussion:
Is this the start of a reversal on the 4-hour chart, or a brief rebound before the continued bearish trend on the daily chart?
Click here to trade👇️
#ALCH Trading link👇⬇️
$ALCH 👇👇👇👇👇$BTC
ALCHUSDT
Perp
0.08145
+1.78%