ALCH Signal】1H level oversold correction, waiting for a pullback to go long


$ALCH 1H level RSI reached 83.26, and the 4-hour level is even as high as 84.65, indicating short-term exhaustion of buying momentum. The 4-hour Bollinger Band upper band at 0.0920 has been broken, with the price hovering around 0.09633. The 1-hour MACD histogram begins to contract, showing signs of weakening upward momentum. Market depth shows sell orders are 10% more than buy orders, indicating short-term profit-taking pressure.

The current risk-reward ratio is not ideal; chasing the high directly carries much greater risk than potential reward.

🎯Direction: Wait for a pullback to go long

⚡Entry/Order placement: Within the range of 0.07325 - 0.09585, prioritize partial entries around 0.0800.

🛑Stop loss: 0.06806

🚀Target 1: 0.09633

🚀Target 2: 0.09672

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.
ALCH36.26%
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