I spent some time reviewing the daily chart for $ALCH , and the setup is shaping up into a solid long opportunity.
Signal: $ALCH
* Direction: Long
* Leverage: 10x
* Entry: 0.0325-0.0330
* Target 1: 0.0380
* Target 2: 0.0450
* Target 3: 0.0520
* Stop Loss: 0.0270
After an extended consolidation phase at the bottom, the price successfully carved out a higher low and is steadily building bullish continuation structure.
Buyers are actively defending the dips, and as long as the base holds, there is clear room for an expansion toward overhead liquidity.
Execution Strategy
* Secure partial profits at Target 1 and shift your stop loss directly to entry to make the trade completely risk-free.
* Take another tier of profit at Target 2 and let the final runner aim for the major resistance zone at Target 3.
* Maintain strict margin management and keep your allocation sized appropriately for 10x leverage.
Signal: $ALCH
* Direction: Long
* Leverage: 10x
* Entry: 0.0325-0.0330
* Target 1: 0.0380
* Target 2: 0.0450
* Target 3: 0.0520
* Stop Loss: 0.0270
After an extended consolidation phase at the bottom, the price successfully carved out a higher low and is steadily building bullish continuation structure.
Buyers are actively defending the dips, and as long as the base holds, there is clear room for an expansion toward overhead liquidity.
Execution Strategy
* Secure partial profits at Target 1 and shift your stop loss directly to entry to make the trade completely risk-free.
* Take another tier of profit at Target 2 and let the final runner aim for the major resistance zone at Target 3.
* Maintain strict margin management and keep your allocation sized appropriately for 10x leverage.
