【$ALCH Signal】Bullish Breakout with Healthy Pullback

$ALCH After a 15% volume-driven rally, the price is consolidating just below a key resistance zone. The price action indicates healthy profit-taking rather than top selling, with buying interest continuously absorbing sell orders on lower timeframes.

🎯 Direction: Long

🎯 Entry: 0.0950 - 0.0975

🛑 Stop Loss: 0.0890 ( Rigid stop loss; invalidated if broken)

🚀 Target 1: 0.1080

🚀 Target 2: 0.1180

Hardcore Logic: After breaking out, the price consolidates above the previous high, forming a strong sideways pattern. Volume increases alongside price rises, suggesting institutional participation rather than mere short covering. The current pullback is shallow and short-lived, with no destructive candlestick patterns, indicating limited selling pressure. Market psychology is in a brief hesitation phase after “breakout confirmation,” which is an optimal entry point with a favorable risk-reward ratio. Stick to your stop loss and let the risk-reward dynamics work.

Trade 👇 here $ALCH

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