【$ALCH Signal】Wait for a proper pullback and position to go long at key support below

$ALCH 1H RSI surges to 86.87, and the 4H level even climbs to 92.78; buying power is severely overextended. The upper band of the 4H Bollinger Bands is directly broken through. The price repeatedly tests around 0.102, but the 1H MACD histogram has already begun to contract, showing that bullish momentum is running out. The order book depth is imbalanced at -34.82%; sell orders are noticeably thicker than buy orders, and there is insufficient willingness to absorb at higher levels.

Chasing at this position carries extremely high risk, and the risk-reward is not favorable. But the 4H MACD is still expanding strongly, so going short directly could easily lead to being squeezed. A steadier approach is to wait for a proper pullback, and place buy orders/layout at the key support area below.

🎯Direction: Place orders on the pullback to go long

⚡Entry/Order: Place orders near the lower boundary of the 0.07365 - 0.10023 range

🛑Stop loss: 0.06816

🚀Target 1: 0.08463

🚀Target 2: 0.09012

🛡️Trade management:
- Execution strategy: After the order is filled, if the price immediately pushes up and reaches target 1, reduce the position by half; move the remaining stop loss up to the entry price. If the price cannot effectively break through the 0.102 area and falls back, exit decisively when it hits the stop-loss level.

The funding rate is as high as 0.0422%, and the long position cost is not low, but the position size is stable and there is no sign of large-scale outflows. This rally consumed too much momentum; it needs a healthy pullback to digest the overbought conditions and attract new capital to enter. Watch whether the 1H level can get support near the EMA50 (0.0742) or the midline of the 4H Bollinger Bands (0.0695) and form a bullish divergence—this would be an even more ideal second entry point.

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