$ALCH Signal: 1H momentum decay, strict risk control needed for chasing longs

$ALCH The 1H Bollinger upper band just touched at 0.0801, RSI at 78.68 in overbought zone with dulling momentum, 4H MACD histogram at 0.0011 still expanding but at a slowing rate. Funding rate is relatively high at 0.0245%, open interest remains stable without shrinking, indicating bulls are controlling the market but costs are rising. Depth order book shows dense sell orders, with selling pressure around 0.0785 continuously being absorbed, short-term upward momentum is gradually weakening.
🎯Direction: long
⚡Entry/Order: 0.0781847 - 0.0784200
🛑Stop loss: 0.0776358
🚀Target 1: 0.0795963
🚀Target 2: 0.0801845
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back to the entry level, automatically exit to protect capital.
The current price is close to the 1H Bollinger upper band, overbought zone with tight risk-reward for chasing longs. Only strict adherence to the set levels can control the drawdown.
Check real-time market 👇 $ALCH
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