$ALCX : BREAKOUT ALERT!
The charts are heating up! Alchemix (ALCX) is showing strong signs of a reversal as it reclaims a key demand zone. After consolidating, bulls are stepping in to defend the floor, setting the stage for an explosive move upward.
📉 Market Context:
ALCX has held the support line firmly. We are seeing a classic Support Bounce setup with increasing buy volume. If we hold above the entry zone, the path of least resistance is UP.
🎯 LONG SETUP (Spot/Futures)
🔹 Entry Zone: 6.75 – 6.95
(Accumulate on dips within this range)
🚀 Profit Targets:
7.20 (TP1 - Quick scalp/Secure profit)
7.70 (TP2 - Key Resistance test)
8.40 (TP3 - Bullish Breakout extension)
🛑 Stop Loss: 6.40
(Strict invalidation if support fails)
💡 Strategy Note:
This trade offers a solid Risk/Reward Ratio (1:3).
Conservative Traders: Take 50% profit at TP1 and move Stop Loss to breakeven.
Aggressive Traders: Trail stops to catch the full move to TP3.
DYOR (Do Your Own Research) before entering. Not financial advice.
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