$ACX SHORT bias 🔻, but I would not chase this candle.
Entry zone: 0.0376–0.0382 on a weak bounce/rejection \ SL: 0.0391
TP1: 0.0365
TP2: 0.0342
TP3: 0.0325
The setup is bearish because price 0.03733 is below the 1H Supertrend 0.03984, and the rebound after the violent drop has already been sold. A 1H recovery above roughly 0.0398–0.0400 invalidates the short idea.
This one is unusually volatile—the wick ran from 0.04295 to 0.03239—so waiting for a bounce gives a much better risk/reward than shorting at market.
#ACX
Entry zone: 0.0376–0.0382 on a weak bounce/rejection \ SL: 0.0391
TP1: 0.0365
TP2: 0.0342
TP3: 0.0325
The setup is bearish because price 0.03733 is below the 1H Supertrend 0.03984, and the rebound after the violent drop has already been sold. A 1H recovery above roughly 0.0398–0.0400 invalidates the short idea.
This one is unusually volatile—the wick ran from 0.04295 to 0.03239—so waiting for a bounce gives a much better risk/reward than shorting at market.
#ACX