Alchemist AI (ALCHUSDT) presents an interesting setup from a bearish perspective. On the daily timeframe, price action is completing the final stages of an inner ABC correction, which also forms part of a larger ABC structure. This layered setup suggests the potential for another retracement before a broader correction finalizes.
🔎 Market Outlook:
The coin is currently moving through leg C of the inner pattern, with price testing highlighted zones. These areas can serve as indicators for short-term reactions, while the bigger ABC formation suggests caution until the full cycle completes.
📊 Trading Approach:
Each inner move offers trading potential, provided close attention is given to the technical zones. Traders may find short-term opportunities within the highlighted areas, while keeping in mind the broader bearish completion pattern in play.
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