【$ALCH Signal】Short | Weak consolidation after volume breakout

$ALCH After experiencing a -26% volume-driven plunge, the price is weakly consolidating at a low level. High open interest suggests significant market disagreement, and the current market situation aligns more with a bearish pattern following major sell-offs.

🎯 Direction: Short (Short)

🎯 Entry: 0.0920 - 0.0950

🛑 Stop Loss: 0.1020 ( Rigid stop loss, breaking this level invalidates the bearish structure )

🚀 Target 1: 0.0820

🚀 Target 2: 0.0750

$ALCH A sharp decline accompanied by high trading volume and high open interest is a typical bearish signal. The price is consolidating narrowly at a low level, lacking effective buying absorption and rebound strength, indicating ongoing selling pressure. The current price is an ideal zone for adding to short positions or initiating new shorts. A weak rebound is a good opportunity to short.

Trade here 👇 $ALCH

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