$ALCH Shocking Bearish Plunge Exposed!ALCH / TetherUS PERPETUAL CONTRACTBINANCE:ALCHUSDT.PAltcoinPioonersALCHUSDT.P Price Levels (as marked on the chart): SL (Stop Loss): 1.272 (0.09077) DCA (Dollar Cost Averaging): 1.135 (0.09668) Entry: 1 0.10250 - 0.10300 TP2 (Take Profit 2): 0.618 (0.11173) TP3 (Take Profit 3): 0.5 (0.12406) TP4 (Take Profit 4): 0.14562 Current Price: Approximately 0.10315 (based on the right-side price scale) RSI (Relative Strength Index): Shown at the bottom, indicating momentum. The RSI has recently declined, suggesting bearish momentum. Price Movement Analysis Recent Trend: The chart depicts a clear downtrend for ALCH/USDT. After a period of consolidation and a slight uptrend (around August 13-18), the price has experienced a sharp decline, particularly noticeable around August 23-24, 2025. Key Levels:The price has fallen significantly below the Entry level (1.10250) and is now well below the DCA (1.135) and SL (1.272) levels, indicating the trade has moved against the initial plan. It has surpassed TP2 (0.618) and TP3 (0.5) in the downward direction, suggesting these were not take-profit targets but rather support levels that failed. TP4 (0.14562) is the next potential target if the downtrend continues. Support and Resistance: The sharp drop indicates strong selling pressure. The previous support around 0.5 has been breached, and the next support could be near 0.14562 (TP4). Resistance might now form around the DCA level (1.135) if a reversal occurs. RSI Analysis The RSI at the bottom shows a downward trend, moving from a neutral region (around 50) toward oversold territory (below 30). This indicates increasing bearish momentum and potential oversold conditions, which could signal a reversal if buying interest returns. The recent decline aligns with the price drop, confirming sustained selling pressure. Trading Strategy Insights Entry and Exit Points: The chart suggests a trading plan with an entry at 1.10250, a stop-loss at 1.272, and take-profit levels (TP2, TP3, TP4) that appear to be incorrectly labeled or misinterpreted as the price has fallen below them. This suggests the trade may have been a long position that turned unprofitable. Risk Management: The SL at 1.272 is above the current price, meaning the stop-loss has likely been triggered if this was a long trade, limiting further losses. Potential Next Steps: If the downtrend continues, TP4 (0.14562) could be the next support level. However, the RSI nearing oversold conditions might indicate a potential bounce. Traders should consider short positions or wait for a reversal signal.