【
$ALCH Signal】Short | Weak consolidation after volume breakout
$ALCH After experiencing a -26% volume-driven plunge, the price is weakly consolidating at a low level. High open interest suggests significant market disagreement, and the current market situation aligns more with a bearish pattern following major sell-offs.
🎯 Direction: Short (Short)
🎯 Entry: 0.0920 - 0.0950
🛑 Stop Loss: 0.1020 ( Rigid stop loss, breaking this level invalidates the bearish structure )
🚀 Target 1: 0.0820
🚀 Target 2: 0.0750
$ALCH A sharp decline accompanied by high trading volume and high open interest is a