**$ALCX Sharp 4.5% Selloff Is a Bounce Loading?**
The token just experienced a strong -4.5% drop on solid volume, looking like a classic liquidity sweep beneath the recent swing low. While this creates a tempting setup, technical indicators are still pointing toward further downside, making any long entry risky without clear confirmation.
My current bias remains short-term bearish, targeting the 4.62–4.56 zone unless price swiftly reclaims $4.87 with strong bullish momentum and structure.
**Potential Setups:**
- **Short Opportunity:** Look for a weak retest of 4.87–4.90 with bearish rejection (pin bar or engulfing candle). Targets: 4.62 then 4.56.
- **Scalp Long:** Only on a fast reversal with a strong bullish candle reclaiming $4.87 and follow-through. Targets: 4.97 then 5.04.
For both trades, use tight stops — above the recent swing high for shorts or below the low for longs.
Bias flips bullish if we see a strong close above $4.87 equilibrium followed by a solid higher low, opening the door to 5.04–5.12.
Stay disciplined and manage risk carefully.
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