$ALCH
ALCHUSDT – Breakdown & Weak Retest | Short Setup Looks Strong
ALCH has broken below the key support zone at $0.161–$0.165, and the recent bounce is extremely weak.
The VPVR shows heavy supply sitting right above the current price, indicating strong selling pressure.
As long as ALCH stays below $0.165, the chart remains bearish and favors a continuation to the downside.
Trade Plan (Short Setup)
Entry (Short): $0.1605 – $0.1645 (accumulate on small push-ups into resistance)
Target 1: $0.1500
Target 2: $0.1425
Stop Loss: $0.1675 (Above the VPVR supply zone & failed breakout wick)
My View
ALCH is forming a clean bearish retest after losing its mid-range support.
Volume is weak on green candles while strong on selling pressure — a clear sign of seller dominance.
VPVR shows a strong volume wall at $0.160–$0.165, which increases the probability of rejection.
Bias: Bearish below $0.165
Strength of setup: High
Disclaimer
This analysis is for educational purposes only. Not financial advice. Trade safely with proper risk management.
