š The Rising Wedge pattern on the #ALCH 15-minute chart has officially broken downāa classic bearish signal! This pattern often suggests weakening momentum and potential further downside.
š Key Observations: š» Breakdown from the wedge = Bearish confirmation š Price dipping below key support = Selling pressure increasing
ā ļø If this trend continues, we could see further declines. Watch for support levels and potential bounce zones!
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#ALCH# Rising Wedge Breakdown! šØ
š The Rising Wedge pattern on the #ALCH 15-minute chart has officially broken downāa classic bearish signal! This pattern often suggests weakening momentum and potential further downside.
š Key Observations:
š» Breakdown from the wedge = Bearish confirmation
š Price dipping below key support = Selling pressure increasing
ā ļø If this trend continues, we could see further declines. Watch for support levels and potential bounce zones!