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ALCH's recent performance has caught everyone off guard. A single-day plunge of over 40%, accompanied by massive trading volume, what does this trend reflect?
From a technical perspective, this is already a classic trend-breaking signal. The price not only broke through all short-term support levels but also formed a strong bearish momentum. The market is predominantly green, but buying pressure clearly cannot absorb the selling pressure, and the entire structure has shifted to a bearish outlook. This is not a minor correction but a genuine panic sell-off.
Based on this situation, many traders believe that shorting is a more prudent choice. Specifically:
📍 Entry Range: 0.090 - 0.095
🛑 Stop Loss: 0.105 (must be strictly enforced)
🎯 First Target: 0.075
🎯 Second Target: 0.060
The market's unresisted decline indicates that the bears are fully in control. Until a clear bottom reversal pattern appears, following the trend seems to be the right approach. Of course, this is just a technical analysis, and actual operations should be adjusted according to one's risk tolerance.
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It's another story where the "clear bottom" hasn't appeared yet; anyone who believes it is the one losing out.
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I've heard this short-selling tactic too many times, and quite a few times they've reversed and pushed the price up—so exciting.
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That target of 0.060, probably just want to make people cut losses, pretty harsh.
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So nervous I can feel it in my scalp, but the more it drops, the more I want to buy the dip—who made me so greedy?
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Massive trading volume combined with a 40% plunge... this rhythm... feels like someone is dumping.
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Stop-loss at 0.105? Sounds like gambling on probabilities—what if it rebounds?
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If this drop wasn't caused by someone dumping, then there's really a problem. Let's wait and see.
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Panic selling is good; it just clears out the floating supply, and the bottom is right ahead.
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Every time I hear "clear reversal signals," but the reversal has never been the price—it's my judgment.
The bottom range is right in front of you; patience is the key. Don't panic, opportunities are often hidden in fear.
After falling for so long, it's time to think from a different perspective: energy conservation. Today's sell-off is the nourishment for tomorrow's rebound.
My faith remains, and value return is only a matter of time. Bear market recovery mindset is the real lesson in making money.
Once again, the market has taught us how to be human. The phoenix will always be reborn; let's go through the cycle together.