#ALCHUSDT Perpetual Futures:
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Current Price:
0.15663 USDT
Market is bullish short-term, but facing resistance near 0.1579 - 0.1595
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Indicators Summary:
RSI (6): 64.82 — approaching overbought (70+), but still has room to go up.
MACD: Bullish crossover just formed — momentum may increase.
Volume: Spikes near bullish candles — buying interest is present.
Resistance Zone: 0.1579 – 0.1595
Support Zone: 0.1515 – 0.1540
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Suggested Trade Plan (Scalp/Short-Term):
1. Entry Points:
Safer Entry: On slight dip near 0.1552 – 0.1555 (wait for a small red candle).
Aggressive Entry: Now at market price (0.1566) with tighter SL.
2. Take Profit (TP):
TP1: 0.1585 (near local high)
TP2: 0.1593 – 0.1595 (24h high)
3. Stop Loss (SL):
Conservative SL: 0.1539 (below last higher low)
Aggressive SL: 0.1548 (below entry zone)
Risk-Reward Ratio:
Targeting ~1.5x to 2x depending on TP/SL selection
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Example Plan (if entering now at 0.1566):
TP: 0.1588
SL: 0.1548
Risk-Reward Ratio: ~1.22
