$ALCX BEARISH SIGNAL AS SELLING PRESSURE BUILDS 🔻💀
ALCX drops -2.88% to $7.08, failing to reclaim resistance at $7.40–$7.50. A lower high structure combined with weak volume hints at further downside toward support zones.
📉 Current Price: $7.08
🔺 24h High: $7.43
🔻 24h Low: $6.91
🔍 Key Resistance Levels:
• $7.30 – First resistance
• $7.50 – Major rejection zone
📊 Key Support Levels:
• $6.91 – Local support
• $6.80 – Breakdown watch
💼 Trade Setup – SHORT Bias:
• Entry: $7.08 – $7.15
• Take Profit (TP):
– TP1: $6.91
– TP2: $6.80
• Stop Loss (SL): $7.45
🛡️ Risk Management:
Limit exposure to 1-2% of your capital. Stick to SL, lock in gains at TP1, and trail stop for TP2. Avoid overleveraging. 📉📊🔐
