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I’m looking at $ALCH pulling back sharply on the 1h chart after reaching the high at 0.23436 and dropping to 0.17263. The move shows a fast cooldown after a strong upside run, with price now settling around the moving averages.
Support: 0.1570
Resistance: 0.2030
$ALCH is currently stabilizing near MA10 and MA30 as buyers attempt to re-establish control after the abrupt correction. Holding above support increases the chance of a rebound toward the resistance zone.
Buy Entry: 0.1690
Sell Entry: 0.1980
Next Move:
If $ALCH remains above the 0.157 level, a controlled recovery can form as volatility slows. A break above resistance may restart upward momentum, while losing support could lead to a deeper pullback. Watch volume and MACD slope for early signals.
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