$ALCX
ALCX
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BULLISH CONTINUATION ANALYSIS
$ALCX is maintaining strong bullish momentum after a sharp rally from lower support levels. Price action shows consistent higher lows and sustained buying volume, indicating the potential for further upside continuation toward key resistance zones.
Technical Outlook:
Trend: Bullish continuation following breakout
Structure: Higher highs and strong bullish candles confirming momentum
Indicators: RSI remains in bullish zone; MACD supports ongoing uptrend
Targets (TP):
TP1: $14.00
TP2: $15.50
TP3: $17.20
Stop Loss (SL):
SL: $11.00
Risk Management:
Use 2%–3% of total capital per trade, maintain 1:3 risk-to-reward, and shift SL to breakeven once TP1 is achieved to secure gains.
