Look at this chart. The pump started yesterday and hasn't really stopped. It went from $10 all the way to $15.65. That's serious momentum. But here's the kicker: it’s hitting that high and getting instantly sold down. The last few candles are tall wicks right at the top. That's a sign of resistance. The price is $14.56 right now. It is holding the $13.50 area as support which is great. If it can consolidate above $14.30 for the next two candles, we might see another push to break $15.65. If it loses $14.00, it’s probably a good time for a short pull-back trade, maybe down to $13.00. The buying interest (Bid) is slightly stronger on the order book at 54%. But this thing is already up 40% today. Trade carefully, the air is thin up here.
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⚠️ $ALCX just keeps going. Is this real life?
Look at this chart. The pump started yesterday and hasn't really stopped. It went from $10 all the way to $15.65. That's serious momentum.
But here's the kicker: it’s hitting that high and getting instantly sold down. The last few candles are tall wicks right at the top. That's a sign of resistance.
The price is $14.56 right now. It is holding the $13.50 area as support which is great.
If it can consolidate above $14.30 for the next two candles, we might see another push to break $15.65.
If it loses $14.00, it’s probably a good time for a short pull-back trade, maybe down to $13.00.
The buying interest (Bid) is slightly stronger on the order book at 54%. But this thing is already up 40% today. Trade carefully, the air is thin up here.
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