$ACE Facing Strong Overhead Supply... Bearish Pressure Accelerating...
$ACE — SHORT
TP: 0.1450
Stoploss: 0.2050
Why this setup?
Because $ACE is experiencing downward momentum and pulling back as it fails to break through the upper resistance zone near 0.20421. Analyzing the metrics, the MACD shows upward power is weakening with DIF at 0.00863 and DEA at 0.00699, while the RSI(6) at 52.52 indicates that buyer momentum has stalled after the recent recovery from the 0.13020 low. With sellers now dominating the trend, a deeper downward slide is projected.
Trade here ⬇️
$ACE — SHORT
TP: 0.1450
Stoploss: 0.2050
Why this setup?
Because $ACE is experiencing downward momentum and pulling back as it fails to break through the upper resistance zone near 0.20421. Analyzing the metrics, the MACD shows upward power is weakening with DIF at 0.00863 and DEA at 0.00699, while the RSI(6) at 52.52 indicates that buyer momentum has stalled after the recent recovery from the 0.13020 low. With sellers now dominating the trend, a deeper downward slide is projected.
Trade here ⬇️