Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
ALCH(ALCHUSDT) Recently, there have been some anomalies in trading volume, but the 1-hour MACD has shown a golden cross signal, giving us a chance for a rebound.
From a technical perspective, the support level is around 0.118 (previous small platform support), which is a good entry point. You can try to catch a second upward move. If it breaks below 0.115, the risk becomes clearer, approximately 2.5%.
In terms of targets, the first stage is 0.125 (about 5.9% increase), and the second stage is 0.128 (about 8.5% increase). The 1-hour RSI has not yet entered the overbought zone, and the MACD histogram has just turned positive, all positive signals. The key is whether it can hold steady at the 0.12 level; only then is there a chance to push towards previous highs.
I personally will adopt a small position probing strategy. Once it breaks below 0.115, I will cut losses decisively and not look back. In such market conditions, taking profits promptly and strictly managing risk is the key to long-term trading success.
*The above is only a technical analysis sharing and does not constitute investment advice.