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Just checked the latest USDT-margined perpetuals RSI readings across 1-hour and 4-hour timeframes.
The 4H chart tells an interesting story: average RSI sitting at 40.69, which frankly suggests the market's still dragging its feet with barely any bounce-back energy. What caught my eye? Most alts are stuck deep in oversold territory—we're talking RSI below 30 here—meaning sellers are still very much in control.
There's one exception worth noting though: ALCH is actually flashing Strong Buy signals while everything else bleeds. Make of that what you will.
I have a positive outlook on ALCH, which is a contrarian play. If you're bold enough to buy the dip, you need to look at this.
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Most coins are Oversold, yet only ALCH is jumping around. Is this thing reliable?
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Wait a minute, is this ALCH signal real? Don't let it be another play people for suckers routine.
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With such heavy selling pressure on the 4-hour chart, the rebound space is limited, fren.
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Only ALCH stands out... why does it feel a bit strange?
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If RSI doesn't rise, the market really lacks momentum; holding tight to the Wallet is the safest.
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ALCH flashes a green light but others are crashing; this situation is hard to judge.
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Another "Strong Buy"? Just looking at it makes me tired.