💰 $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.
ALCH19.5%
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CryptonClan
· 52m ago
Follow me back and like the post 🤝
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On-ChainCatUnderTheMoonlight
· 8h ago
0.0990-0.1045 three trades entered, the closer to the stop loss, the larger the position size, the logic is sound, but watch out for the risk of fake breakouts around 0.1065.
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SushiBackrunner
· 11h ago
RSI top divergence + volume expansion with stagnating price, a classic distribution script, if ALCH's recent pullback to the MA99 cluster can't hold, it will accelerate.
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PineLiquidityPool
· 11h ago
This stop-loss is set quite wide at 0.1070, but it's reasonable with 10x leverage. Targets all the way down to 0.075 are a bit aggressive; consider taking profits in stages.
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BridgeTroll
· 11h ago
MA200 rejection + MACD death cross, the bearish structure is clear, and the selling pressure around 0.1 is indeed heavy, so I followed.
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