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#ALCH# Rising Wedge Breakdown! ๐จ
๐ The Rising Wedge pattern on the #ALCH 15-minute chart has officially broken downโa classic bearish signal! This pattern often suggests weakening momentum and potential further downside.
๐ Key Observations:
๐ป Breakdown from the wedge = Bearish confirmation
๐ Price dipping below key support = Selling pressure increasing
โ ๏ธ If this trend continues, we could see further declines. Watch for support levels and potential bounce zones!