$ACE has seen extreme volatility today. Price pushed as high as roughly $0.374, then suffered a sharp rejection toward $0.164, showing aggressive profit-taking.

Current data places ACE around $0.18, with 24H volume in the hundreds of millions of dollars, so liquidity is high but so is risk.

Major resistance: $0.205–$0.220

Immediate resistance: $0.190–$0.195

Key support: $0.164–$0.170

Next support: $0.150–$0.155

Major downside zone: $0.135–$0.140

The exceptionally large 24H volume confirms that this isn't a low-liquidity move. However, high volume combined with a massive rejection from $0.37+ is a warning sign a significant amount of trading activity occurred into the sell-off.

For the short setup, I would not short blindly at the current price. Ideally, we want ACE to bounce into resistance on decreasing volume and then produce a bearish 1H rejection.

Short Setup — 1H

Entry: $0.195–$0.210
SL: $0.25

TP1: $0.180
TP2: $0.165
TP3: $0.150

After the extreme spike and reversal, ACE is currently in a high-risk distribution/retracement phase rather than a clean continuation trend. .

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