ACE is setting up for a short with a 64% confidence level, offering a 1:1.7 risk/reward ratio. Current market conditions are ripe for a downside move.

🔴 $ACE SHORT 📉
Entry $0.123207-$0.123453 | SL $0.127030 (-3.0%) | TP1 $0.121480 (+1.5%) | TP2 $0.117163 (+5.0%) | R/R 1:1.7 | Conf 64%

This setup is driven by multiple signals, including a market structure break, volume confirming direction, and a fair value gap, all of which are overlapping with an order block and liquidity sweep. The confluence of these factors, particularly the overlap of the order block and fair value gap, strengthens the case for a short. The chart structure suggests a high probability of a move to the downside.

A 3.0% stop loss seems reasonable for this trade, suitable for a leverage of 3x to maximize the risk/reward profile without overexposing the position.

Taking partial profit at the first target point could be a prudent move to lock in some gains, given the potential for ACE to experience a significant drop.

Not financial advice — trade only what you can afford to lose 🙏

$ACE #ACEUSDT #SMC #TradingSignals #Write2Earn