ALCH spot price is stuck around 0.16 USDT. The 24-hour increase of over 12% looks good, but here’s the problem — trading volume has shrunk by 85%. This is a classic case of divergence between price and volume, essentially a fake rally.

From a technical perspective, this level is indeed very awkward. Want to break through upward? First, we need to see volume support at 0.165 to be convincing, and only then can we consider testing the resistance at 0.18. Conversely, if the price breaks below the support at 0.155, it could plunge directly to around 0.145, making the risk-reward ratio completely unprofitable.

My stance is very clear: wait and see. Opening a position during a volume-contraction rebound is playing with fire. Instead of chasing a high and getting caught, it’s better to stick to a clear trading plan.

**Action plan during the wait-and-see phase:**
Only consider a light long position after a volume breakout and successful stabilization above 0.165, with a strict stop-loss at 0.155. If it falls below 0.155, wait for confirmation of weakening before looking for a shorting opportunity.

The highest level of trading is — better to miss a wave of the market than to get caught with your pants down in an uncertain situation.