🔍 ALCX Analysis – Double Bottom or Fakeout Bounce? 🔍
🧪 Alchemix, a DeFi token known for self-repaying loans, is showing signs of technical recovery. Despite low momentum, its unique protocol keeps it on radar for advanced traders.
📈 Technical Analysis
- Short-term trend: Bullish reversal attempt on 4H
- Support: $10.40
- Resistance: $11.20 and $11.80
- Pattern: Double bottom forming with neckline at $11.20
- Volume: Increasing slightly, but not yet strong
- Indicators: RSI at 58, 20MA crossing above 50MA
- Outlook: Bullish
📰 Market Data & News
- Price: $10.82
- 24h Change: +3.9%
- No major headlines; protocol remains stable
🔄 Scenario Breakdown
- Bullish Case: Break above $11.20 with volume could target $11.80
- Bearish Case: Drop below $10.40 invalidates setup, targets $9.90
- TP/SL Logic: TP at $11.80, SL below $10.35
📊 Sentiment Meter
📈 Bullish Momentum – Strong breakout setup, rising volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
💬 Will ALCX confirm the double bottom or stall at resistance? Drop your take below 👇
📉 Strategy deployed. Click the chart and follow the technical roadmap. Every move is backed by data—let’s trade smart. 📢 Like, Follow & Share to amplify informed trading.
📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
ALCX #TheCryptoMalik
