$ALCH has officially lost a key level.



The breakdown is hard to ignore, and the chart is starting to lean heavily in favor of the bears.

Selling pressure is building.

If buyers fail to reclaim control soon, the next move could be fast, aggressive, and painful.

A sharp dump is becoming a real possibility.

Stay alert.

Watch every candle.

The next move could catch a lot of traders off guard.
ALCH-3.09%
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MoonlightShellPool
· 07-11 16:21
Already watching the 15-minute line, ready to run at any time
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HexiHoodie
· 07-10 22:16
Wait for a breakout followed by a failed rebound confirmation before considering going short.
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ArbitrageIsn'tAsGoodAsGetting
· 07-10 14:17
Don’t hold the bag—if you get trapped by this kind of price action, you’ll end up deeply stuck.
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IHateFalseProsperity.
· 07-10 11:19
In this kind of setup, chasing longs is basically handing over money—wait for stabilization signals.
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DrawTheCandlestickChartIn
· 07-10 11:18
The bear flag has been confirmed—brothers with heavy positions should think about setting a stop-loss.
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0xCouchPilot
· 07-10 11:13
Key support turns into resistance—if the rebound can’t get back up, it’s over.
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GateUser-8f96be12
· 07-10 11:12
To The Moon 🌕
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SeaSaltMarketMakingNotes
· 07-10 11:04
Trading volume surged in tandem with a breakdown, and the bears took control.
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MoonlightMarketMaking
· 07-10 10:52
Falling below a key level is definitely uncomfortable—let’s wait and see for now.
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