🚨 Trading Warning: Bull Trap Alert on ALCHUSDT.P 🚨

Hey traders,

I wanted to share a quick insight about ALCHUSDT.P and the recent price action. The coin is showing signs of a bull trap—a situation where the price makes a fake upward move, misleading traders into thinking the price will continue rising, but then it reverses quickly, leading to potential losses.

Key Warning Signs:

RSI above 70 – This suggests the coin is overbought, and a pullback may be coming.

Failed breakout – The price surged, but it's showing signs of rejection near the 0.2300 resistance level.

Volume concerns – Despite the price rise, the volume isn't supporting the move, which often indicates a false rally.

What to Watch:

Support levels: If the price falls below 0.15253, it could be a sign of further declines.

Be cautious with buys: Don’t rush into buying right now. If you do decide to buy, be extra careful, as the price might reverse sharply. Always keep an eye on the support and resistance levels.

For the new traders: Always be cautious when prices rise quickly. Look for clear support zones and be prepared to exit if things turn against you. Stay safe and trade wisely! 💡 #ALCH_USDT #bulltrap