The recent rally on $ALCX appears to be losing momentum as price fails to hold above key resistance near the $11.00 zone. A short-term correction looks likely if sellers reclaim control below the intraday structure.
Trade Setup:
Entry: $9.90 – $10.20
Target 1: $9.10
Target 2: $8.40
Target 3: $7.60
Stop Loss: $10.85
Market Outlook:
Bearish momentum is gradually returning as lower highs begin to form on the 4H chart. A close below $9.80 would confirm breakdown continuation toward the mid-$8 range. Maintain caution and manage risk carefully.
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