š„ $ALCH Poised for a Move? Technicals Hint Bullish! š„
$ALCH has been navigating some choppy waters after its earlier surge, currently testing key moving average levels. š§
While the broader market shows some caution, technical indicators for $ALCH are flashing a predominantly bullish sentiment. Several moving averages suggest a buy outlook, and overall technicals are strong.
š Trading Outlook (No Leverage):
š Potential long if $ALCH shows strong buying interest and decisively breaks above recent short-term resistance levels, indicating a potential move to retest higher price zones from earlier this year.
š A short setup could be considered if $ALCH fails to hold current support and breaks below key longer-term moving averages, potentially leading to a slide towards price levels around $0.10-$0.11 as some analyses suggest for the near term.
Remember, this is not financial advice (NFA). Always do your own research (DYOR). ā ļø
#ALCH #Altcoin #TechnicalAnalysis #CryptoTrading
