【$ALCH Signal】1H timeframe overbought pullback, waiting for a second upward push

$ALCH 1H timeframe RSI reached 83, and after piercing the upper band of the 4-hour Bollinger Bands, the price pulled back.
Buy order depth is 10% thinner than sell order depth, and the funding rate of 0.0345% is not extreme, but the 1-hour MACD red histogram is starting to shorten, indicating waning momentum.

Price is consolidating around 0.0963, with the upper 1-hour Bollinger Band at 0.1032 acting as a strong resistance.
The 4-hour chart shows a large volume push with a long bullish candle, and EMA20 at 0.0731 forming the first line of defense.
This kind of move, chasing the high directly, carries significant risk, and the risk-reward ratio is not favorable.

🎯Direction: Pull back to go long (place orders)

⚡Order: 0.07325 - 0.09585 range bottom lurking

🛑Stop loss: 0.06806

🚀Target 1: 0.09633

🚀Target 2: 0.09672

🛡️Trade management: - Execute strategy: After order fill, if the price rebounds to Target 1, halve the position; move the remaining stop loss up to the entry price.
If the price cannot hold above 0.095 and falls below the entry zone again, consider exiting and observing.

The 4-hour MACD is still expanding strongly, but on the 1-hour chart, a subtle crack appears where the price makes a new high but momentum indicators do not keep up.
Position size remains stable, with no profit-taking collapses, more like a healthy chip rotation.
Key support is at 0.073 EMA20, and a pullback to this level will be a strong support zone.

Check real-time market 👇 $ALCH
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