๐Ÿ“Š $ALCH โ€” COILING AFTER SHARP SELL-OFF: CONTINUATION OR DISTRIBUTION?


ALCH is stabilizing after a sharp pullback from recent highs, with price now holding above a key support zone and showing early signs of consolidation rather than continued selling pressure.
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿ“Š TRADE SETUP (LONG) โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ€ข Entry: 0.0835 โ€“ 0.0850
โ€ข SL: 0.0770
Targets: โ€ข TP1: 0.0950
โ€ข TP2: 0.1060
โ€ข TP3: 0.1190
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿง  MARKET STRUCTURE โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ€ข Strong sell-off from 0.111 now slowing
โ€ข Price holding above ~0.0832 support
โ€ข No breakdown of daily low โ†’ structure still intact
โ€ข Buyers defending dips instead of panic selling
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โš ๏ธ KEY INSIGHT โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” This is a โ€œpost-dump equilibrium zone.โ€
That usually means: โ†’ volatility contracts after impulse move
โ†’ price coils before next directional expansion
โ†’ either continuation up or second leg down forms from here
Critical trigger: โ€ข reclaim of 0.095 โ†’ bullish continuation back toward highs
โ€ข loss of 0.083 โ†’ deeper corrective phase begins
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿ’ญ KEY QUESTION โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” Is ALCH preparing for a continuation squeeze back to the highsโ€ฆ
or building distribution before another leg down? ๐Ÿ‘€
#GateSquareMayTradingShare
ALCH-2.28%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin