Alchemist AI ($ALCH ) is getting hammered โ down ~28-41% in the last 24 hours, trading at ~$0.0919 USDT on Binance perpetuals! ๐ฑ Fresh dip after a sharp drop from highs around $0.133-0.159.
Key signals flashing:
Heavy selling pressure: Price smashed through lower Bollinger Band (~0.0909 DN), now hugging the bottom with volatility spike.
RSI oversold territory โ RSI(6) ~24, RSI(14) ~35 โ screaming potential bounce.
MACD bearish but histogram showing early signs of weakening downside momentum (DIF/DEA negative but flattening).
Long/Short Ratio ~0.77 (more shorts dominant at 56.6%), yet positions lean Long-heavy in some metrics โ contrarian setup?
Volume surge on red candles, but recent bars hint at exhaustion.
This looks like a classic oversold reversal opportunity on the 1D/4H timeframe. Smart money might start accumulating here for the next leg up in this AI narrative token!
๐ TRADE ALERT: LONG $ALCH USDT Now!
Entry: around current ~0.091-0.092
Take Profit: 0.115 (first target, +25%), extend to 0.133 (high confluences)
Stop Loss: 0.085 (below recent low, tight risk ~7-8%)
Risk small, reward juicy โ high volatility play!
Alchemist AI's no-code AI app builder narrative still strong in bull crypto โ dips like this are fuel for explosive pumps. Don't miss the alchemy turning red into green! ๐ฅ
Follow & turn ๐ on for more high-conviction calls! Trade smart, DYOR.
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