$ALCH presents an interesting setup for a long position:
ALCH is gaining upward momentum after breaking through local resistance. If buyers manage to hold the price above the breakout level, the asset could continue its upward movement and test the next resistance zones.
After a period of consolidation, the asset begins to show signs of new momentum. Buyers are gradually regaining control of the market. The current dynamics support the scenario of further growth.
A breakout of the local maximum may accelerate the upward movement.
The price quickly gained momentum after entering the position. Patience paid off and the move brought a strong profit. The day ends with another successful trade.
The entry was executed exactly according to the plan and the market confirmed the scenario. After the breakout, the price continued its strong movement. Profit was secured without rushing.