A 30% pump in a day, and the funding rate is deeply negative. That’s not normal. It means people are aggressively shorting this move up, paying a premium to bet against it. And when the crowd pays to be wrong, the unwinding gets violent.
Here’s what I see on $ACE .
Daily chart: price ripped off the lows and is hovering near the 0.618 Fib retracement zone around 0.183. That’s a decision point. But there’s an unfilled gap just below, roughly 0.124–0.152. Gaps act like magnets — rarely left open forever.
4-hour: that 08:00 candle shot from 0.1506 to 0.205, then gave back a chunk. That’s a short squeeze followed by distribution, not clean accumulation. The 4-hour invalidation sits near 0.174. Lose that zone on a close, and the near-term bullish thesis falls apart.
If it holds, the objective is the 0.199–0.212 supply zone. But the weekly chart is still bearish — the macro trend hasn’t flipped. Any push higher is a bounce within a larger downtrend until proven otherwise.
Tap $ACE to pull up the chart and read these levels yourself.
My read: momentum spike, not a confirmed reversal. Negative funding could extend the squeeze, but the unfilled gap below is a warning. I’d rather see how price reacts at 0.174 before calling it safe.
If you want honest reads like this on the coins moving the most, follow me. I don’t sugarcoat charts.
What level are you watching most closely on $ACE right now? 👇
Not financial advice. DYOR.
#ACE #Crypto #BinanceSquare #Altcoins
Here’s what I see on $ACE .
Daily chart: price ripped off the lows and is hovering near the 0.618 Fib retracement zone around 0.183. That’s a decision point. But there’s an unfilled gap just below, roughly 0.124–0.152. Gaps act like magnets — rarely left open forever.
4-hour: that 08:00 candle shot from 0.1506 to 0.205, then gave back a chunk. That’s a short squeeze followed by distribution, not clean accumulation. The 4-hour invalidation sits near 0.174. Lose that zone on a close, and the near-term bullish thesis falls apart.
If it holds, the objective is the 0.199–0.212 supply zone. But the weekly chart is still bearish — the macro trend hasn’t flipped. Any push higher is a bounce within a larger downtrend until proven otherwise.
Tap $ACE to pull up the chart and read these levels yourself.
My read: momentum spike, not a confirmed reversal. Negative funding could extend the squeeze, but the unfilled gap below is a warning. I’d rather see how price reacts at 0.174 before calling it safe.
If you want honest reads like this on the coins moving the most, follow me. I don’t sugarcoat charts.
What level are you watching most closely on $ACE right now? 👇
Not financial advice. DYOR.
#ACE #Crypto #BinanceSquare #Altcoins