$ALCH — Sellers Are Pressuring Price
Price is currently trading at 0.05044 below both the EMA20 at 0.05123799 and EMA50 at 0.0514227 while momentum remains weak at -1.52. This breakdown setup with an elevated volume ratio of 1.7 and an RSI of 31.35 presents a fresh short opportunity as sellers continue to dominate the market structure.
$MUBARAK and $MARSCOIN are also showing strong market activity.
Trade Plan
Entry: 0.0504
TP1: 0.0488
TP2: 0.0475
Final TP: 0.0459
Stop Loss: 0.0521
Invalidation: 0.0521
Price is currently trading at 0.05044 below both the EMA20 at 0.05123799 and EMA50 at 0.0514227 while momentum remains weak at -1.52. This breakdown setup with an elevated volume ratio of 1.7 and an RSI of 31.35 presents a fresh short opportunity as sellers continue to dominate the market structure.
$MUBARAK and $MARSCOIN are also showing strong market activity.
Trade Plan
Entry: 0.0504
TP1: 0.0488
TP2: 0.0475
Final TP: 0.0459
Stop Loss: 0.0521
Invalidation: 0.0521
