【$ALCH Signal】1H level short squeeze continues, pullback presents opportunity

$ALCH 1H level RSI surges to 86.87, initial signs of buying pressure gap, but 4H MACD still expanding strongly. Market depth imbalance -34.82%, sell orders are noticeably thin, short covering pressure is huge.

Price repeatedly tests around 0.1008, with the upper 1H Bollinger Band at 0.1093 acting as resistance. Under this structure, chasing higher directly greatly increases risk, and the risk-reward ratio is not favorable. A more prudent approach is to wait for a healthy pullback, allowing overbought indicators to cool down.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.07365 - 0.10023 range bottom lurking

🛑Stop loss: 0.06816

🚀Target 1: 0.08463

🚀Target 2: 0.09012

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into entry zone, exit automatically to protect principal.

Funding rate of 0.0422% is not extreme, but combined with stable open interest and depth imbalance, it appears more like a bullish-led short squeeze market rather than purely rate-driven. The 1H MACD histogram begins to contract, momentum slows, creating conditions for a pullback. The 1H EMA20 at 0.0838 and EMA50 at 0.0742 below will form ladder support. Psychologically, the first deep pullback after a sharp rise often attracts a lot of trapped funds waiting to enter.

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