$ALCH USDT Market Update
Trade Type: SHORT → STRONG BEARISH CONTINUATION
Entry Zone: 0.0665 – 0.0685
Key Resistance Zone: 0.0720 – 0.0750
Targets:
TP1: 0.0640
TP2: 0.0615
TP3: 0.0585
Stop Loss: 0.0765
Market View:
ALCH faced a strong rejection near
the 0.0939 resistance zone and
entered a sharp bearish reversal.
Price broke multiple intraday
supports with continuous selling
pressure and is forming lower
highs and lower lows on the
15-minute timeframe.
Volume remains weak on pullbacks,
indicating sellers are still in
control of the market.
As long as price stays below the
0.0720 resistance zone, further
downside continuation is likely.
Any minor bounce towards resistance
can be considered a selling
opportunity.
A strong break and hold above
resistance would invalidate this
bearish setup.
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