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【$ALCH Signal】Short | Weak consolidation after liquidation-style decline
$ALCH After a single-day plunge of over 42%, it is undergoing weak consolidation. The price action indicates a typical downtrend continuation rather than an effective bottoming.
🎯 Direction: Short (Short)
🎯 Entry: 0.0880 - 0.0920
🛑 Stop Loss: 0.0980 (Rigid Stop Loss)
🚀 Target 1: 0.0750
🚀 Target 2: 0.0650
$ALCH The sharp decline accompanied by high trading volume and open interest aligns with liquidation characteristics. The current price is oscillating at a low level within a narrow range, lacking buying support, with each rebound quickly suppressed. The chart shows a healthy reset of downward momentum rather than a reversal signal. As long as the price cannot recover above 0.0980 (liquidation starting point), the downward structure will continue.
Trade 👇 $ALCH
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