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【$ALCH Signal】Long Breakout and Pullback Confirmation
$ALCH After a 15% volume-driven rally, the price is undergoing a healthy pullback below the key resistance zone. The price action indicates strong absorption of buying pressure with no signs of panic selling, which is a typical pre-breakout accumulation pattern.
🎯 Direction: Long
🎯 Entry: 0.0950 - 0.0975
🛑 Stop Loss: 0.0890 ( Rigid Stop Loss )
🚀 Target 1: 0.1080
🚀 Target 2: 0.1180
The rally accompanied by significant volume, along with the price actively pulling back before the key resistance, is characteristic of a strong market. The order book shows quick absorption of sell orders, and the pullback exhibits low volatility, indicating supply exhaustion. The price consolidates above the breakout zone, preparing for a higher probability of upward continuation. Small losses, big gains—profit from probability.
Trade here 👇 $ALCH
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$ALCH
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