$ALCX /USDT - Short Setup

🎯 Short Entry Details

Entry Zone: 7.85 - 7.88

Stop Loss: 8.00 Just above 7.88

Target 1: 7.60

Target 2: 7.27

Target 3: 7.11

RRR 1:4.5 Highly Optimal

✅ Short Confirmation Conditions

1. RSI is at 68+ and showing bearish divergence.

2. Rejection candle formed at the $7.88 resistance.

3. Volume continues to decline.

4. After a +81.29% rally, a major correction is highly probable.

⚠️ Risks of the Short

· EMA Supports Below: These are strong support levels that could halt the downward move.

· RSI at 65.95: It is not yet in the extremely overbought territory, which means momentum could push prices higher first.

· DeFi Sector: The position is sensitive to news catalysts affecting the DeFi sector.

#ALCX #Gainer #crypto #Binance #ShortSetup $ALCX

ALCX

5.4

-5.26%