$ACE looks stretched after the strong run, so I’d look at this as a short setup, but only on a bounce. Price is around 0.2344, down 8.83% in 24h, and it is now reacting below the recent high area after failing to hold the push toward 0.2618.
Bias: Short on bounce
Entry zone: 0.2450 to 0.2580
Stop: above 0.2700
TP1: 0.2278
TP2: 0.2179
TP3: 0.2000 to 0.1900 if selling pressure increases
The reason I prefer waiting for a bounce is that ACE is still above MA7 0.2179, so shorting directly at the current level is not clean. A rejection from the 0.2450 to 0.2580 zone would give a better risk setup. If price breaks back above 0.2700 with volume, I’d cancel the short idea because buyers would be taking control again.
Bias: Short on bounce
Entry zone: 0.2450 to 0.2580
Stop: above 0.2700
TP1: 0.2278
TP2: 0.2179
TP3: 0.2000 to 0.1900 if selling pressure increases
The reason I prefer waiting for a bounce is that ACE is still above MA7 0.2179, so shorting directly at the current level is not clean. A rejection from the 0.2450 to 0.2580 zone would give a better risk setup. If price breaks back above 0.2700 with volume, I’d cancel the short idea because buyers would be taking control again.
