【$ALCH Signal】Pullback to go long, betting on a second surge

$ALCH The 1H timeframe has experienced a massive rally and is now consolidating at high levels, with the price pulling back near the middle band of the 4H Bollinger Bands. Buy orders are 2.46 times thicker than sell orders, indicating a clear bottom support intention. The 1-hour MACD shows a bearish crossover below zero but the histogram is shrinking, indicating weakening bearish momentum. The 4-hour MACD remains above zero, so the trend is not bad.

The price has support around 0.0843, but chasing higher directly offers a poor risk-reward ratio. A better strategy is to wait for the price to pull back to the 0.0751-0.0854 range and set up long positions there.

⚡Entry: Place a buy order around 0.0751.

🛑Stop loss: Below 0.0692.

🚀Target 1: 0.0868.

🚀Target 2: 0.0927.

🛡️Trade management:
- Execution strategy: After reaching 0.0868, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0854, consider exiting early.

Market depth shows dense support below, but the 1-hour volume has shrunk, requiring a volume surge to confirm the direction. The current funding rate is +0.0119%, indicating that long positions have a slightly higher cost, and a short-term pullback for shakeout is healthy. The 4-hour Bollinger Bands are tightening, signaling an imminent trend reversal, and a pullback is an opportunity.

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