💰 $ALCH Rejection


🔽 SHORT
✳️ ENTRY: 0.0990 – 0.1020 – 0.1045
🎯 TARGETS: 0.0975 – 0.0952 – 0.0925 – 0.0895 – 0.0855 – 0.0805 – 0.0750
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.1070
#ALCH is showing clear distribution after failing at higher levels, printing a bearish market structure with lower highs. Price has rejected sharply from the MA200 and is now trading below it, while sitting above the rising MA7, MA25 and MA99 cluster which are starting to flatten. RSI momentum is rolling over from the 70 zone with negative divergence visible, and MACD has printed a fresh bearish crossover with the histogram expanding downward, confirming seller control. We’re seeing strong resistance behavior around the 0.10–0.106 area where aggressive selling stepped in on elevated volume, flipping previous demand into supply on every bounce. This volume-backed rejection after the failed breakout sets up a solid continuation lower. DCA your shorts into the three evenly spaced entries (tighter into SL), scale partial profits at each target, and trail the rest. High-probability setup — let’s ride this leg down.
ALCH17.55%
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MarginMarmot
· 5h ago
MA200 rejection is indeed classic; this time, the volume matched well, so I followed.
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SymbolsInTheReflection
· 5h ago
RSI top divergence + MACD death cross, a fairly standard technical setup, but with 10x leverage, keep a close eye on 0.107
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GateUser-6bc62511
· 5h ago
This ENTRY range is a bit wide, with 0.099 and 0.1045 differing by 5%. The DCA entry cost is hard to control.
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GateUser-af0710ba
· 5h ago
The high-level distribution marks are obvious, each rebound is pushed back down, the bearish structure is intact, preparing to place a limit order at 0.1015.
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BridgeBurner
· 5h ago
The selling pressure around 0.1 is too heavy, and the previous breakout failed, leaving too many trapped positions. It's quite likely to go down and test 0.08.
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