【$ALCH Signal】Empty Position, Waiting for Healthy Pullback

$ALCH After nearly a 30% surge in a single day, the price is consolidating with decreasing volume at high levels, facing a key resistance zone and profit-taking pressure.

🎯 Direction: Empty Position

Market Analysis: On the 4H timeframe, there is a volume breakout followed by a volume contraction during sideways movement. The latest candlestick shows a buy/sell ratio of 0.51, indicating a balance between bulls and bears, but the depth imbalance of -31.91% suggests accumulation of sell orders above, with heavy selling pressure. The current price is 0.08376, just below the EMA20 (0.0841), which marks the short-term support/resistance boundary.

Logical Core: The surge was driven by a single massive 4H candlestick (volume of 221M), but subsequent volume has stepped down in a ladder pattern, indicating exhaustion of the chasing momentum. Funding rate is +0.005%, positive but not high, open interest remains stable, indicating no forced liquidation structure. RSI at 48.65 is neutral, providing no clear directional signal.

Key resistance is in the 0.0855-0.086 zone (near previous high and EMA50), and order book shows dense sell walls above 0.0836. No healthy pullback or volume-price divergence is observed, so avoid chasing high at this level.

Trading Plan: Wait for the price to retest key support levels (such as 0.076-0.078, the upper boundary of yesterday’s consolidation zone after the breakout) and look for buy absorption signals, or a volume breakout above 0.086 and stabilization above EMA20 before considering long entries. Current risk-reward ratio is unfavorable; stay on the sidelines.

Trade here 👇 $ALCH

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