$ALCH
PERP BEARISH CORRECTIVE SETUP
$ALCH is showing signs of weakness after failing to sustain above a key resistance zone. Despite the recent upside push, price remains capped below the long-term moving average, indicating that the broader trend is still under bearish control. Rejection from higher levels and slowing momentum suggest a potential corrective move as sellers regain strength.
BEARISH OUTLOOK
Failure to reclaim major resistance and a potential breakdown below short-term support could trigger continuation toward lower demand zones.
TARGETS (TP)
TP1: 0.08780
TP2: 0.08000
TP3: 0.07200
STOP LOSS (SL)
SL: 0.10750
RISK MANAGEMENT
Risk a fixed portion of capital, book profits gradually at targets, and avoid over-leveraging in volatile conditions.
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