$ALCH/USDT | 3D |

🗺 Market Situation

Price has completed a strong bearish leg and is now testing a major demand zone, where a reaction could start forming.

🕯 Outlook

Once wave C finishes, there a good potential for a relief move from the demand zone toward the flip zone and even beyond.

⚠️ Key Level

The main focus here should be the support at the bottom where buyers are expected to step in; either at the highlighted zone or after taking the liquidity below it to finally finish wave C.

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